TVersity Media Server v0.9.9 (beta) which features on the fly transcoding to WMV for the Xbox 260 is now available. The TVersity Media Server allows the managenmebnt of Internet and home media. It can also be used to create Personal Entertainment Guide (PEG) - personalized lineup of channels. It then serves this media to networked devices in the home as well as mobiles, making the media available anywhere, anytime and from any device.

Some of the features conyained in the latest update are:

* TVersityOn the fly transcoding to WMV for the Xbox 360
o Xbox 360 users can now play their entire media library with no need for MCE.
o Users of other devices that can play WMV can use this target format as an alternative to MPEG. While this will require faster machines to achieve the same quality, it allow for a higher quality per bitrate meaning that a slower home network can be used. This is important mainly for HD content streamed over wireless connections.
o Upconversion of videos to WMV HD can be done (on a fast machine) by tweaking the minVideoInfo in config.xml.

* Bug Fixes
o Bad Internet URLs no longer cause the server to hang for a long period of time (during which no other media could be played).
o UPnP connections from different networks or different subnets are now accepted when the server is configured to accept remote connections. This is as opposed to the past behavior where this configuration only affected the web based interface.
o The XML results returned by the server are now guaranteed to place the item/container title first as required by the UPnP standard.
o Some issues related to playing flash video files (FLV) that were downloaded by the server automaticaly were fixed.
o Temporary files that were mistakenly placed in the wrong folder are now stored in the Windows temporary folder.

To run TVersity Media Server you need the following minimum system requirements:

* Pentium III 700 Mhz or better (Pentium 4 2.8 Ghz with support for Hyper Threading is recommended)
* 128 MB of memory or more (512 MB recommended)
* 50 MB of disk space (At least 1 GB of free space is recommended for cache area of transcoded media)
* Windows XP or Windows 2000
* DirectX 9.0 or higher
* Windows Media Player 9.0 or higher
* Audio enabled on the computer running the software
* Flash version 7 for the GUI (MSIE version 6.0 required for full GUI functionality, other Flash enabled browsers such as Firefox will have most but not all of the functionality.)

If you want to try this free app, please visit the site for the complete details about TVersity Media Server v0.9.9 (beta).