I personally run TVersity for my Xbox 360. When I was looking around I couldn't see if XBMC could transcode on the fly, which is what I really needed. TVersity

I personally run TVersity for my Xbox 360. When I was looking around I couldn't see if XBMC could transcode on the fly, which is what I really needed. TVersity works great, is simple and sits quietly in the background like a good little app should. It can also do pretty heavy transcoding, like 720p to 480p (my laptop does beyond 1080p, so I've had little compunction to upgrade my TV, but I like watching things on TV at the same time as it allows me to use my laptop fully and still watch a show) and still tolerate my wife playing video games. I guess it's more a testament to dual-core processors really.