I have a video that is 720P h264 High@4.0 which means it should be transcoding on the PS3, but it is attempting to direct play instead. The audio plays fine, but the screen is black. If I turn off Direct Play only it says both feeds are being direct streamed, if I turn off Direct Play and Direct Stream, both will transcode. So for some reason it is not transcoding with High@4.0 which the PS3 does not support via direct play.