On the fly video transcoding for the Xbox 360 is here
Over the weekend TVersity released a patch that enables on the fly transcoding to WMV, designed exclusively to serve your video content to the Xbox 360. With this patch you can virtually play all your video collection (MPEG4, Divx4/5/6, Xvid, H.264, Flash Video, Divx3, and many more) on the Xbox 360.
You can also play Internet video and video podcasts on your 360, the only downside here is that Microsoft provided only a single flat menu for videos on the 360 and so it is not possible to organize podcasts nicely. You are just going to get a flat alphabetized list of everything. Oh well, we can't have it all, maybe the spring update for the 360 will fix it.
In the meantime, get the patch at:
http://s3.amazonaws.com/download.tversity.com/Xbox360Patch_0_9_8_4.zip
And the forums thread that covers this patch is at:
http://forums.tversity.com/viewtopic.php?t=2586
