Alright let's see if this works...
So go to your install folder for tversity...
should be located in c:\\program files\ versity (assuming you have one HDD)
You should see one folder in it called "media server"
this is what you should see...
Now go to the highlighted file, profiles.xml and open it with wordpad to edit it.
Search for Playstation and you should see the highlighted section as follows
Now pay attention to the red circle titled transcode target and ONLY change the line section under: video="video/xxxx" (xxxx being what ever is there...) to
"video/mpeg2." As you can see from the screen shot, this is already done in my profile.
Now save and exit.
As for the 360 question...I am not sure as I think it transcodes everything to WMVs so I don't know what other formats you can change it to.
One additional tweak...completely optional:
Now in the same folder open config.xml and search for the highlighted text and change it to something between 5-10. This is the compression ration of the video and should technically also improve the vid quality.
NOTE: If this option sounds familiar is because if you look under tversity's GUI settings>transcoder>compression you see three choices and these will edit the value in config.xml with low compression being set at ratio 12...so anytime you save the settings in tversity's GUI you might want to double check the config.xml to make sure your value did not get reset back to 12.
Hope this helps...
BTW...credit goes to the guys in the PS3 section of the TVersity forums that went around to tweak this stuff. I had no idea until I visited there.
Also, Sony needs to implement AC3 or AAC multichannel via the streams or files on the PS3 HDD, so far there is no way to pass multichannel audio from TVersity unless you set it to downmixed stereo, otherwise you get garbled static.