To quote: I've hooked up Showtime to the video decoder libraries already present on the PS3. This will accelerate h264 (Up to level 4.2) and MPEG2 video decoding so it can play up to 1080p content.
If you want to make sure that the Cell acceleration is actually used you can press L3 during video playback to see the status window. Make sure that the video codec mentions (Cell) at the end of the row. Just like in this screenshot.
1. Playback of video and audio
3. Unified search
4. View photos and images in slideshow mode
5. Live TV streaming from Tvheadend
6. Spotify integration
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I agree with you - however, it depends on how it is referenced. 'When will we get XBMC?' is pretty annoying, and I'd rather have a native PS3 app just like this. Just keep in mind the standard it set for homebrew multimedia playback and management.
i could convert mkv to avchd but some large files (mostly 1080p) don't want to convert at all and with the new firmware update 720p movies get the image cropped at the top right 1/4th of the screen upon playback.