I would like to confirm that the SteamToMe application does work on IOS4, after finding out that my favorite app no longer works after the upgrade I started to look at alternatives. The video quality does not appear as good, but without video out this application is worthless to me.
I am looking forward to an update that fixes this issue.
On a different topic, StreamToMe also has an option to continue playing files after one is complete,
which was removed from in one of the updates; would be great to have that back again too!