I haven't had the chance to play with the feature yet, I'm just going on what the manual says and a quick browse through the menus. I have an HTPC hooked up to mine which I store all my media on, so it's not really a big feature for me.
But I'll play with it tomorrow and get back to you!
Edit: I think to view videos you have to open "Media Player" instead of "VIERA Image Viewer".
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