Finally got the c-200, and toyed with it last night for a while. The fast verdict: my quest is at an end
I love this thing! I uninstalled tversity, don't need it anymore. Don't need any media server for that matter. The c-200 can talk directly with my 6tb dlink raid which uses smb. All I had to do was add a network share on the c-200 where my movie directory is and that was it.
It plays my blu-ray dumps perfectly. No re-encoding needed anymore! Just dump the blu-ray to raid with anydvdhd, and this thing plays them perfectly. It even supports the chapter stops which I kept on all dumps, and menus which I kept on concert blurays. It works fast as well, I can rewind and fast forward up to 32x no problem even over a network on 30gb+ m2ts files.
Apparently it also supports L5.1 h264 encodes. I don't have any such files so I haven't been able to test it, but on the forums people are claiming they play just fine. They won't officially say it's supported though since apparently that spec can go as high as 300mbps. But typical L5.1 files are claimed to work.
The firmware is still beta, the only issue apparently is that their gigabit network driver sucks. The fix is to use a 10/100 switch. Indeed with a gigabit switch I was getting lots of stutters on playback. Switching that to a 10/100 switch totally eliminated that issue. They are working on a fix. There might be more issues, I've only used it for an hour or so, but so far it's working nicely.
Anyways, in a nutshell I'm done with the hobbled consoles as media centers, no need anymore. Funny how a small company can outdo both Microsoft and Sony, but the consoles suck compared to this thing. All my rips now work, so I'm done. My quest is at an end.