Firecore the developers behind the Apple TV hack ATVFlash have released version 2 of InFuse their iOS video app. Version 2 has a new iOS 7 style UI and the ability to stream videos from other devices on the network including Macs and PC.
The app used to cost £2.99 but is now free and has standard video playback features including playing MP4, M4V and MOV. There is an in-app purchase for the Pro version that adds additional video formats (MKV, AVI, WMV, FLV, OGM, OGV, ASF, 3GP, DVR-MS, WebM, and WTV files), streaming from network devices and other features for the costs of £2.99.
If you purchased a previous version of Infuse you get the Pro version for free.