I downloaded the updated version of PS3 Media Server 1.40.0 and am still having the same issue. The subs for most shows corrupt the files, but somehow the .srt file for another show will show up. I've attached the debug log below. Thank you for providing such an awesome application, I've been using it often and I actually use that more than playing video games or watching blu-rays or Netflix.
Before installing version 1.40.0, I had uninstalled and removed the original ps3 media server version 1.30.0.