An iTunes user reports that video-sharing is enabled in the newest version of iTunes 6.0.2:
With all the attention on the new ministore presentation, no one seems to have noticed that iTunes 6.02 enables video-sharing to your local network. Whether it's intended for an upcoming home media appliance or not I don't know, but it brings videos up to par with music.
I haven't had a chance to test this yet, but in the past, quiet feature additions in iTunes have turned into huge releases (ie, hush-hush video support pre-video iPod.) Make blog's Phil Torrone says, "I think we'll see an Airport express AV to stream video to our TVs soon."
Any lifehackers have any luck streaming video between two iTunes machines on your local network? Let us know in the comments or to tips at lifehacker.com.
iTunes 6.02: Now with video sharing [Nicest of the Damned via Make blog]