I spent a few hours of yesterday and today trying to get external subtitles to stream with video files using TVersity. To no avail 
Finally, on the 11th hour I found this:
http://davieslim.wordpress.com/2009...h-subtitle-on-ps3-with-java-ps3-media-server/
It's a quick guide to using PS3 Media Server, a java based media sharing software. You can use stock settings and it'll do great, and you can also tweak a few values if you're getting stuttering. And best of all for me, is that I can finally see the subtitles!
Finally, on the 11th hour I found this:http://davieslim.wordpress.com/2009...h-subtitle-on-ps3-with-java-ps3-media-server/
It's a quick guide to using PS3 Media Server, a java based media sharing software. You can use stock settings and it'll do great, and you can also tweak a few values if you're getting stuttering. And best of all for me, is that I can finally see the subtitles!