No, it won't play any videos from my network share without paying $5. VLC plays most of the same files, but is free.
I can't recommend this app, I am giving it one star...
Oh come on...
1. nPlayer, which is the player I've recommended the most so far, also costs $5. Asking for $5 is pretty normal for high-end players. (Note that I haven't tested / reviewed the new Infuse player yet, only the old, 1.x ones. I don't know how it compares to nPlayer yet. Will post a full review some time when I have the time.) Voting down an app because VLC (which isn't very good in some respects) is free isn't very nice.
2. VLC really lacks in some areas - see my previous comments on its complete lack of hardware decoding support. It is in no way recommended for many media types.
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Not sure what how this is any more newsworthy then the other hundreds of thousands of apps that get updated.
This was a major version bump from with an, on the ATV, well-known vendor. IMHO, this alone is worth the frontpage (which is, for the record, iOS blog-only and not that of the main article channel of MR).