Since downloading TVersity my main objective was to stream media to my Windows Phone 7 Device.
I had a lot of problems, first I couldn't connect to the server, and then it kept trying to stream in .avi format (which WP7 does not support!)
However after fine tuning my settings, I can now watch movies on my Windows Phone 7 and I have never looked back.
This topic is for the guys who need the settings to stream videos to the device!
So, open the TVersity Media Server GUI.
Click Settings, then the General tab.
Media Playback Device: WMV9 Video Device.
Leave the IP address blank
Make sure you remember your port, or leave it as default (recommended) - 41952
I have turned off HTTP Proxy.
Click on the Transcoder Tab
When To Transcode: Always (Important)
Mine is set to Decrease Bitrate if its too high for my network
Tick Use DirectShow for Windows Media Encoding and click Windows Media Video 9 in the drop down menu
And that is all that should matter.
Then on your WP7 Device, open IE, navigate to http://IP
ADDRESS OF MEDIA SERVER:PORT so for example, mine is -http://192.168.1.104:41952
If you do not know your IP address then hit Start > Run and type 'cmd'
In the little black box type ipconfig and search for your IPv4 address.
Once you are at the TVersity server page navigate to your movies and they should play perfectly fine with Zune.
Any issues, please post here.