Added LPCM transcoding option for all audio tracks
Added DTS HD-MA support up to 7.1 channels: DTS core remux, LPCM and AC3 transcoding
Added Dolby TrueHD support up to 7.1 channels: LPCM (recommended) and AC3 (buggy for 7.1) transcoding
Added workaround for 2.0 384 kbits AC3 PS3 audio bug
Added support for DirecTV HR series (thanks, DeFlanko!)
Added support for LG's Smart TV Upgrader (LG 600ST)
Added support for Yamaha RX-V671 (thanks, adresd!)
Added support for OPPO BDP-83 and OPPO BDP-93 (thanks, adresd!)
Fixed bug that occurred when resetting cache
Made buffer display in megabytes instead of bytes
Fixed overscan compensation bug on some renderers (thanks to tMH for reporting the bug!)
Updated MPlayer for OSX to SB32
Language updates: CZE translation update (thanks, valib)
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No, this is to use your computer as a media server to your PS3 (listen to mp3, watch movies,.. streamed from your PC to your PS3) I don't use it in a while but i remember it supports most used video formats and subtitles. And you don't need anything to make it work.. only a PC, a PS3 and a local network..
Thats exactly what it is Since Shagrath looked like he had no time for it anymore and he hadn't updated it for a very long time there has been a forked 'community patched' version. This has also been updated to include the new update.