The latest version for PS3 Media Server is 1.70 and it packs a new default web video engine, FFMpeg Web Video, as well as support for new protocols (mmsh:// and mmst://).
Apart from this, the new release can sort files alphanumerically by default and brings to the table improved handling of UTF-8 external subtitles.
As far as repairs are concerned, PS3 Media Server is 1.70 DNLA 2114 errors when scanning non-readable subfolders with "hide empty folders" is enabled.
MEncoder-related changes include disabling AC-3 remux if audio track has delay and disabling DTS and LPCM remuxing if tsMuxeR engine is unavailable.
Due to a packaging issue, the Windows and Mac OS X versions are 1.70.1, but there is no difference as far as functionality and stability is concerned. The full changelog can be viewed here
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