Streaming by the power of VLC!
My new app just went live. It uses VLC to convert movies into the format needed to stream them to your iPhone, iPod or iPad.
It can handle most movie types, and can start streaming your movie within 10 seconds or so.
Now your whole movie collection is available on your iPod or iPad without syncing or converting.
The full version is $0.99
Or the free version (with annoying ads) is available to let you try it out.