nitoTV take 2 version 0.6.4 has been released on Jan 12th 2009.
NitoTV appliance is a front end for the popular mplayer media player perian and Apple’s DVDPlayback.framework (if installed).
You can create/edit playlists and add files or folders of your choice. By now it should support just about any media format. Create afp, nfs and samba mounts (with bonjour support) Install the kextloader, a variety of kexts/frameworks/binaries, perian, mplayer codecs, play nes, snes, genesis, game gear and gameboy advanced roms, view RSS feeds and 3-day Weather forecast, Launch Applications, and much much more!
Click here to read whats new in 0.6.4
Installation instructions and more information can be found at here