I'm questioning the Nokia's part in all this. Now all the goodies are accomplished by eager and skillful users. What is Nokia doing? If one is satisfied with what there is now, not much is propable to be gained from Nokia
I think Nokia is still working on 770 to bring better user experience.
See the new application from Nokia - Media Streamer. Link
thanks for the intel. Yes, I had noticed some progress on audio streaming area and now even promises of video streaming early next year. Audio streaming I've had for some time now, using free slimserver on my slug. You can get Slimserver for windows and MAC too. In IT2005 I was able to watch video using NFS-shares, again from HD connected to Slug. You can get free NFS server for windows too, SFU NFS from MS, but IT2006 kernel lacks support for NFS mounts. As slimserver, unfortunately is not uPnP server, I'm still left with nothing new to use my 770 for.
I'm eagerly waiting for Nokias video streaming beta versions though. I sure hope it will closely be connected to the Tversity idea of showing it all, all media on the web. Not just some specific video format. Future tells.