The quality of both audio and video delayed playback (non-streaming) is amazing. Even more impressive, the folks at Duplexx Software (creators of NET TOOB) have now completed an update to v3.0, called NET TOOB Stream, that supports real time audio and video playback...over the Internet. Unfortunately, you can only play one video at a time -- i.e. currently, there is no video slideshow capability with NET TOOB.
The latest releases of NET TOOB take the app in a new direction (and with the new name - NET TOOB Stream). With the new version you can play all current digital standards on your PC including MPEG-1, Video for Windows (AVI), and QuickTime for Windows (MOV) as downloaded media, and varied frame-rate MPEG-1 on-demand media without server software. NET TOOB Stream even gives you the option of full screen video playback for MOV and AVI video files, but don't expect quality or speed to be anywhere near adequate with a slower Internet connection.