PS3 Media Server is backed up with the powerful Mplayer/FFmpeg packages.

Features

• Ready to launch and play. No codec packs to install. No folder configuration and pre-parsing or this kind of annoying thing. All your folders are directly browsed by the PS3, there's an automatic refresh also.
• Real-time video transcoding via MEncoder, tsMuxer, FFmpeg or Avisynth.
• Lossless 5.1 PCM transcoding with DTS movies
• DVD ISOs images / VIDEO_TS Folder transcoder
• OGG/FLAC/MPC Audio transcoding
• Thumbnail generation for Videos
• You can choose with a virtual folder system your audio/subtitle language on the PS3!
• All formats PS3 natively supports: MP3/WMA, JPG/PNG/GIF/TIFF, and all kind of videos (AVI, MP4, TS, M2TS, MPEG) the ps3 is willing to play
• ZIP/RAR files as browsable folders
• Preliminary support for pictures based feeds, such as Flickr and Picasaweb
• Preliminary Internet TV / Web Radio support with VLC, MEncoder or MPlayer

Changelog

New Features

• GPL licensing :)
• IDX/SUB support for AviSynth ONLY
• Revamped some UI, especially transcoding settings for better usage (hope this will be not confusing)
• First attempt to make a working and generic LPCM or AC3 automatic conversion with tsMuxer (seeking isn't working well and demuxed audio delays are not managed)
• AviSynth script is now really fully customizable

Fixes

• Yet another flac parsing bug
• Sync issues management for xvid/mp3
• Rare and random video glitch due to another seeking bug
• .ass subtitles files support
• UUID random generation, it's now possible to launch multiple servers on one network.
• Added wmv binary codecs in Windows package for smooth WMV-HD transcoding
• VIDEO_TS folders are now case insensitive 
  

You can download PS3 Media Server 1.0 here (Linux/Windows Java versions)