I have a tversity server up & running. I was able to stream music to my phone via the phone web browser & 3g but haven't been able to stream video yet. I also haven't tried locally over wifi.
Im going to modify tversity encoding settings and will report back if i find anything new.
Actually, if I have TVersity and Orb running on my PS3, the PS3 picks up both over the wi-fi and I can stream from both. I use TVersity on the PS3 though if both are showing. I use ORB to stream to my phone from the PC or to a web browser remotely. I don't know why I use bother, but I always have. I have not tried to use TVersity on the phone, but I have tried Orb, and it works fine.