I have converted my DVDs into a mixture of DVIX and mkv files and stored them on the home network hard drive which is an Apple Time Capsule. The reason for this is that I can then watch these movies on any of my computers in the home including my media centre PC.

What I would also like the ability to do is stream these movies over my home network to my new iPad and was wondering if anyone would know of a good (relatively cheap) app that would do this?

Thanks Jocob for your reply. I currently have the VLC app (which is no longer available in iTunes) which gives me the ability to load my ripped DVD (Divx and MKV) files onto my iPad but I was hoping to instead stream them on my home network rather than have a whole heap of them loaded on the iPad. Plus I don't really like the idea of ripping all my DVDs again, it was enough "fun" the first time...