Originally posted by: Baked
For streaming media files on your system, get Tversity. Takes about 5 min to setup. I installed CCCP before Tversity to take care of the codec aspect of the audio/video, and skipped the codec pack that comes w/ Tversity. You can leave everything at default for both CCCP and Tversity. If you have Vista, you'll be prompted to turn off UAC for Tversity during installation. Everything should work smooth as butter if you got your home network setup right. BTW, turn your PS3 on during the installation so Tversity can find your PS3 and vice versa. This is the
guide I used for tweaking Tversity, only Step 4: Optimize the Transcoder.
For watching Hulu videos, just bring up PS3's built-in browser (something Xbox 360 doesn't have) and go about browsing and watching videos like you would on your computer.