[th0ma5]

and you can do this already, too, right? stream to the ipad by just opening a transcoded stream?

[Terretta]

E.g., Plex, which does it on the fly and is in the app store.

[oiuygtfrtghyju]

I think plex only lets you share your iTunes with other iStuff and only if the iDRM approves.

VLC lets you share iWhateverTheHellYouWant from iWhateverMachine with iWhateverOS to iWhereverYouWant.