Air Video Free (universal) for iPad
Despite naysayers whining about the iPad screen's 4:3 aspect ratio, it's a decent device for watching video, although it lacks storage for housing large video collections. Air Video enables you to stream video (converting it on-the-fly, if necessary) from your Mac or PC. The main limitation of the free version is that it only shows a few items (randomly selected) from each folder or playlist.
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