I know this is an old thread, and so, I do not wish to resurrect a dead topic, but I have the answer to the question.
First, you need to use 'TVeristy' instead of 'Windows Media Sharing'.
Once TVersity is operational, go to the 'Settings' tab, and make sure that it is set to either 'XBox 360' (recomended) or 'Auto Detect' (if you have other consoles), then choose to 'Save'.
Now go to the 'Library' tab, and under 'Sources' select 'Media RSS Feeds' and then 'Audio RSS'.
Click 'Add Item', a window will pop up.
Make sure that 'Type' is set to 'Audio RSS'.
Open the 'Advanced' tab, and make sure that 'Transcode' is set to 'Always'.
Now, leave that be for the time being, and go to the Shoutcast website.
Search for the station you want, and Right Click the 'TUNE IN!' button, and copy the links code.
Go back to TVersity, and in the window, add the address you just copied, to the 'Audio RSS' address bar.
Now, before you choose to submit, go back to the Shoutcast page, and click the stations 'TUNE IN!' button, so it will load in WinAmp.
On WinAmp, go to the 'Playlist' while the station is playing.
Right Click the highlighted station, and choose to 'View File Info', copy the 'Stream Name' and go back to TVersity.
Back on the TVersity window, paste the station name which you just copied in WinAmp, to the 'Title' bar.
Now, click 'Submit'.
(Note, I suggest adding an extra title to the front of your stations title, so that it will be easy to find.
Examples: "Anime: ", "Classical: ", "Oldies: ", "Hard Rock: ", etc.)
Now, on the bottom right corner of your computers 'Task Bar', where the time is displayed, you should see an Icon there for TVersity.
I recommend Right Clicking it and choosing to 'Restart Sharing', before you start your XBox 360.
(Notes, just like with Windows Media Sharing, TVersity must be on in order for the XBox to view the media, and Windows Media Sharing must be disabled in order for TVersity to function.
The installation should cover any info you need about this.)
Launch the XBox 360, if your configurations are correct and you followed everything I covered earlier, then you should find your station under the 'Saved Playlists' category.
I hope you found this helpful. ^_^
On a side note, TVersity can stream practically any audio or video file type to the XBox 360, including MKV files, though you'll need to configure things if you want subtitles.
Last edited by Palsa; 4th January 2009 at 00:01.