For those of you who are unfamiliar with iTunes Home Sharing, It is actually way cooler than I thought it would be. You can stream everything from shared computers to your iPad, iPhone, or iPod Touch running iOS 4.3. Now we just need a jailbroken program that lets you hook up through 3G so you can access everything on the go. Below is a video demo.
Better off with plex or streamtome, can already do it over 3G, and there’s no need to convert your videos to an iTunes friendly format.
This is the first step to an iTunes cloud feature.