Earlier this month I bought an Xbox 360 and I love the multimedia capabilities of it. I can stream music and pictures from other computers. Today I played around with TVersity which allowed me to stream movies and TV shows from another computer. I've been watching downloaded movies on my TV for years now, but it's always involved walking into another room, starting the movie on the computer, then coming back into the living room to watch it. Pausing a movie requires the same steps.
Anyway, I bought a 500 gig external hard drive and I've hooked it up to the Xbox 360. I'm able to watch any video files on it that are in the WMV or MP4 format. And it sucks that I can't watch any format, such as Divx and MOV, but I don't care that much. I just don't want to deal with networks and having to have another computer running, etc. So my plan is to convert a few hundred gigs of movies into mpeg-4 format and hook them directly to the Xbox 360. It'll be the most hassle-free way to watch movies once it's all done.
My question is, is this retarded? Is there any downside to converting everything to .mp4 files? Loss in quality or compatibility? I noticed that the movie files I converted will still play on Windows Media Player and the quality seems exactly the same. The file sizes are about the same. And I found a free program that will batch convert my entire collection to mpeg-4 files. Anyone want to talk me out of it before I go ahead with it? Or does anyone have any better suggestions?