Maybe we could use given servers, like DivX-Connected.
I think, if a Plug-In supports streaming through a protocol, SMS also suports, that will be possible, but you need a PC, with high cpu-power (for transcoding).
I hope, that SMS will support Streaming from URLs.
Most decoders are still implemented in SMS (which are necessary for that).
MPEG2 and DivX are the most common formats used.
Hope IFO/BUP-Support will come anytime.
PS2 V7/DMS3 V2 (FW:2.4b7); Seagate Baracuda 200GB
PS2 V7/CC1.0 (FW:34 hacked v2 BM:2.1.6); Maxtor DiamondMAX9 PLUS 160GB
PS2 SCPH-30004R; NoMod+NoLaser
3xSony MC 8MB
MAX/Datel 16MB with Boot-CD
Custom FMCB 1.8b+ Beta-Build, my AIO 0.5, Sony&xRhino-Linux