I'm currently using subsonic on my home server to stream my music, subsonic is guaranteed to be free forever, is open source, runs anywhere java does, transcodes formats, does video, allows downloads/uploads, has multiple full-featured mobile apps for almost every mobile platform, pretty much everything you could want. Setup is easy as pie, and it will even give you a subdomain in subsonic.org if you donate to the developer.

As far as I can see, your service is subsonic + the hassle of registering, yet another company with your personal details, less features and the possibility that it may become a freemium service in the future.

So, what, exactly, does your service offer?