So we moved our media center into the basement and are now using an XBox 360 and a PS3 as our media hubs. The XBox360 works great as a media center extender but we lost access to our videos as the XBox doesn't handle divx very well.
PS3 Media Server to the rescue.
Download the latest (1.20 beta), Start it up, and point it to our media. Transcoding as needed and everything is working great. From old divx to new mkv at 1080i, everything is kosher.
Now I needed to get everything running as a service.