Just got my media server set up with no troubles at all, everything is working great. Some transcodes are stuttering a bit, but then my server is a relic ... to be honest I'm highly impressed with the performance of standard definition video, I was expecting it to not work at all.
I've been struggling with TVersity for some time (could not get a single video to transcode correctly, just kept getting "Corrupted Data" messages...) Then I found this via some comments on their forum. Great stuff! Thanks for an awesome release.