Found the problem... if you don't set up a store with Media Player 11 or have Nero installed it sometimes causes WMP Networking issues. The easiest way to fix this is just to rename the networking information folder for the Player so that it can rebuild its networking information files after you restart it.
If anyone else has problems this is what needs to be done:
To rename the Player networking information folder
1.
Close Windows Media Player. (To do this, on the File menu, click Exit.)
2.
Click Start, and then click Run.
3.
In the Run dialog box, type the following (exactly as shown):
%UserProfile%\Local Settings\Application Data\Microsoft\Windows Media
This step opens the following folder on your computer:
SystemDrive:\Documents and Settings\UserProfileName\Local Settings\Application Data\Microsoft\Windows Media
4.
In this folder, rename the folder 11.0 to 11.0.bak. For more information about renaming folders, see To change the name of a file or folder. NOTE: if you are using version 10 then you would need to rename the folder 10.0 to 10.0.bak.
5.
Start the Player and try to stream the content again. It should rebuild a new folder.
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