For many of us, 8GB's is just not enough storage space to handle all of the movies and music we want to have with us all of the time. Thankfully a company called Simplify Media has developed an application that will allow iPhone and iPod Touch users the ability to stream music directly from their pc providing they have a WiFi connection.

Users will be able to browse their entire music library, create play lists and even grant access to 30 of your closest friends. The program currently supports MP3, WMA, ACC and Apple Lossless audio formats. There is no word on if and when a video streaming app will become available, but I for one am keeping my fingers crossed.

Even though some users have reported problems with the ?experimental? application, the company is confident they will be able to work out the bugs.

Check out the video below