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It's simple this one. Like, really simple.
1. Make sure your PlayStation 3 and your Windows XP machine are on the same network. For example: They should both be connecting via the same router.
2. Download and install Windows
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3. Launch Windows Media Player 11, right click on the title bar and choose Tools then Options
4. Click the Library tab, and then on Configure Sharing: 1.8 Media Sharing 1
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5. Check the box that says Share my media, your PlayStation 3 should appear as an 'unknown device': 1.8 Media Sharing 2 Select it and make sure that access is set to allow (You can select it and then choose Customize for further media sharing options).
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6. Click on Settings to select which media on your PC you'd like to share: 1.8 Media Sharing 3 Click OK when finished.
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7. If you're not normally a Windows Media person, then you may need to configure your media library. Choose Manage Library from the Options Library Tab and this will let you select which folders you want Windows Media Player to scan through: 1.8 Media Sharing 4
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8. Done! When you next return to your PlayStation 3, you should see a Windows Media Icon under each [Photo], [Music] and [Video] menu on the XMB.
Source:BlackICEHacks.com