Digiarty Software has released Air Playit (http://www.airplayit.com) for Android devices. Powered with advanced video streaming method and CUDA, the free app helps users stream playback their music and video libraries from Macs and PCs via WiFi, 3G or 4G network.
The folks at Digiarty says 320 different video audio formats are supported for streaming to Android phones. The app is also available for iOS devices in the Apple App Store.