Albrigsr,
I re-registered after a long absense just to respond. I too was looking for a media server 2 years ago and could not find nothing that suited my fancy. Bought an xbox to play PG2 Nurburgring to learn the race course. Anyway I found out about XBMC and it sounded too good to be true. Good news is that it is not.
XBMC is a very capable program that just gets better with every release which is very frequent. XBMC plays DVD's off the DVD Drive, Local Disk or even a network share just fine. The problem is that it doesn't handle menus. If you rip a disk with shrink and create a single stream as DVD Shrink does it will play just fine. I have no problem with AC3 passthrough. I have the toslink running from my xbox into Marantz Surround Processor. AC3 for movies and 2 channel PCM for audio work seamlessly in all my XBMC releases.
If playing DVDs with menus is a priority there is another separate APP which handles DVD menus. That player is not network enabled though so the movie must be played via the DVD Drive and not over the network or off the XBOX Hard Drive.
XBMC PLays any video format I throw at it. My PC won't play many files which play fine in XBMC, its that good. Doesn't play WMV9 yet though. FF/REW Features are exceptional even on formats other players don't support FF and REW on. You can play Replay TV and Tivo files over the network as well.
It plays MP3's, WMAs, Ogg Vorbis, FLAC etc quite well.
there are 2 decent visualizations and the rest are mediiocre.
Jpeg Slide shows are good and keep getting better....
Audio video streams work well. You can play non protectted iTunes streams now too.....
Downsides:
Have to edit some XML to set it up. Not for computer newbies. If you can run FTP and hack on some scripts you will be fine.
Docs were weak but rapidly evolving. There is a new online doc site that ihas much more info than there was 6 months ago.
Stability, its not the most stable program in existance. Network issues seem to cause it to hang most of the time. Its not bad but esoecially as your initially fumbling around it will hang. After you learn it some more that will become less of an issue. One key is to be patient. Sometimes its not hung but waiting on the network timeout and will eventually unhang.
Overall its really impressive and gets better all the time. Lots of skins, and widegets are appearing to enhance it further. It looks great on My samsung DLP at 720P.
PLus you get a XBOX game player for free with the deal. Friendtech sells turnkey units for reasonable prices. I built the 1st and bought my 2nd one from them....
BTW: if you don't understand windows networking there are several PC server daemons you can load on a PC etc to simplify sharing. SMB works fine for those who know how to use it...
As far I can tell the Rocku is the only thing close but its still a ways behind....
BTW: I am playing with Xbox linux now but can't get the video to sync when it boots...
Cheers,
Sean
Raleigh, NC