I've been expecting something like this to come along for a while now and here it is. The Kaleidescape System introduces the concept of "whole house entertainment" by centrally storing your movies on a server and distributing it to players around the house. From the Kaleidescape website:The server unit supports up to 4.4TiB of hard drive storage, which is handy given that it stores DVDs without any further compression. Add to that a reader unit for actually putting DVDs into the system and then situate movie players around the house. Connect it all together with an Ethernet network and you have yourself a full entertainment system around the house. With a connection to the Internet, extra features such as cover art can enrich the experience of using the movie player. A quick skim around the website doesn't seem to reveal any pricing, but I bet it isn't cheap!You no longer need to deal with stacks of DVDs because it gives you a new and powerful on-screen user interface for selecting and viewing your movies. Kaleidescape is designed to complement your existing home theatre system by delivering a rich and unparalleled theatrical experience. You'll find the Kaleidescape System to be a simple, powerful, and entertaining way to get the most from your home theatre and movie collection.
This all sounds very cool, but personally, I'd prefer a DIY setup. Get VLC multicasting from a streaming server stashed away somewhere and you could have something similar. If I ever get around to doing it, I'll let you all know how it goes. Meanwhile, I'd imagine most people would go with something like the Kaleidescape system and save themselves a lot of extra work.