You've got to hand it to those indie developers, they always have something up their sleeve to give us more bang for our buck with the gadgets that we have. A free application called Dot.Tunes does that and more.

It basically extends the serviceability of your iTunes library so that you can stream it on the net and play it right off your PC. What the application actually does is turn your iTunes library into an SQL database and sends it from your PC to the web using an Ajax front-end and multi-layered security system.

While the basic service of the application is free, plug-ins to stream your iTunes through your Wii's, PS3's or PSP's browser are also available at US$ 10 a pop. Also, there's another plug-in available that gives you a custom interface for your iPhone which extends the amount of music you can fit in it for US$ 20.

DotTunes, an Australian-based company, encourages people to open up their iTunes library to friends through the use of their products. They had this to say regarding the matter:

Why pay to podcast or for internet radio streams, when you can publish your own radio shows, TV programs or music mixes directly to your loyal fans? Dot.Tunes is not some lightweight iTunes utility. It's a fully developed web server application that supports mp3, AAC, aiff, .wav, mpeg, mp4, and .mov files, allowing you to share your iTunes library contents with your friends in other cities, your classmates across the dorm or the coworkers scattered throughout the building.