I'm glad I found this forum before I get my new toy and start test it.
So, that's different between PS3 and WD TV Live? I have a previous model WDTV, were working fine till last couple weeks, for some reason IR doesn't recognized remote(call to customer service and will get replacement). I really would like to update for the new model, but again, what is different between Live and PS3. I can stream any format video, audio, pictures from any PC or MAC to PS3 using PS3 Media Server. The one thing bother me, it's when PS3 MS transcoding existing video file to format playable on PS3, by doing this I think quality get reduced. Does it worth it to spend another $ if I have PS3???