Being the techie fool that I am, it was a breeze for me to setup my latop with a massive external hard disk that manages all of my video content.  The only problem I found almost instantly was that playstation3 uses DLNA to talk between the media server and the it.  DLNA is crappy at the best of times and when used on my playstation in tune with TVersity I found it was all kinds of  wrong, loosing audio and video all over the place and often crashing.

Check out the full instructions I made with you tube videos on how to do it.  It even covers converting from most formats into a playstation playable one.

Here’s a quick process overview

1. Install IIS7 on the computer
2. Configure a movies virtual directory
3. Setup mp4, m2ts and mts mime type
4. Convert mkv (HD content) files to m2ts with tsMuxeR for playstation 3
5. Convert MOV (quicktime) files to mp4 h.264 with Yamb for playstation 3
6. Playing content with PS3 internet browser
7. Recomendations, tips and tricks
8. The downsides to the solution
9. Other benefits