It looks fine on a Samsung Galaxy 4, but on iPad it has a long way to go. Some things that would make this better than StreamToMe or in the same arena as Air Video: skin options or a more aesthetic UI, thumbnails, album artwork, better loading performance for larger iTunes libraries. The app fails to load, before it finishes. I usually have to hard close the app, disable wifi, then reconnect, then reopen the app, before my library finally appears. Even then not all songs load.
An EQ setting or preset feature would take this app miles ahead of StreamToMe. One goody is the buffering time for this app is much better than StreamToMe. + StreamToMe hasnt updated in forever. Air Video HD: in the video dept, this app hasnt even begun to compete.