When I watch movies on my TiBook, I like to stream them from the QuickSilver (the TiBook runs much hotter playing a DVD than playing a stream). I use VLC on both machines to do it, and it works fine. But the problem with this approach is that you cannot control VLC on the server from the client (and if you pause the movie from the client, it will continue to play on the server).

See the full article if you want to know how I control VLC on the QuickSilver from the TiBook.