The TVersity Media Server is a UPNP AV compliant media server that extends the functionality of UPNP media hubs to navigate, search, play and record, audio and video content from the Internet. It can also replace your existing UPNP media server and handle all the media located on your home network, including media formats that are not natively supported by your media receiver.
With TVersity your media hub will be able to play almost any media file you have and in the same time become the set top box of Internet Television/Radio. Additionally the TVersity Media Server lets you manage your Internet media URLs and essentially create your personalized lineup of channels, aka a personal programming guide (PEG).

How It Works
Add your home and Internet media to TVersity
Organize it, tag it and create playlists
Access it from your TV and other devices

Features
Album art support is now available and is compatible with the Sony PS3 as well as with the HTML interface (PSP, iPhone, Blackberry, etc.) and flash interface (Wii). Album art relies on JPEG files conforming to certain naming conventions that are present in the same folder as music tracks. These files can be created by either Windows Media Player or WinAmp and TVersity will pick them up, or users can add them manually.
Individual YouTube videos can now be added by pointing the browser to a specific video on YouTube and dragging and dropping the address bar icon to TVersity (or copying and pasting the URL).
MShare now refreshes as fast as it was in 0.9.11.4.
No files are periodically added to the Temporary Internet Files folder while the GUI is running (browser caching was turned off).
Fix crashes when adding/refreshing some FLAC and some MP3 files.
Flash interface is now more reliable when switching from one live stream to another and then going back to first one.
TVersity service was failing to start on machines that had a non ASCII character in their hostname.

What's New
Support for PS3 firmware 2.5.
YouTube URLs that expire are now automatically re-acquired, eliminating the need to do a refresh of the media source.
Support for Atom feeds generated by the new YouTube Data API.
Support for YouTube Playlists (e.g. check this Start Trek playlist). Just add any YouTube playlist URL to TVersity and you are subscribed to it.
Support for YouTube H.264 videos, devices that can play H.264 but cannot play FLV will now get H.264 from YouTube instead of a transcoded version created from the FLV.
Support for the high quality videos on YouTube, TVersity will always try the high quality version first and only when not available fall back to the low quality one.
Support for funnyordie.com video pages. Add for example this page URL to TVersity.