iTunes Playlist to PS3?

I have searched but want to make this clear. Can I play iTunes (that I have stored on my computer) on my PS3. I know I can’t just hook up my iPod to it or stream from my PC. I read something about transferring music to USB and then put that flash drive in the PS3, will this work? I want to play my iTunes on my home theater but I have no other way than to play it through my PS3. I have a yamaha 5990 receiver and it is not iPod compatible. Any options here? Thanks in advance.

Well, I think the main problem here is that the iTunes music is DRM encrypted. I have already posted several tutorials to my blog, like transfer iTunes music to Zune, put iTunes playlist to PSP, import iTunes music to Windows Movie Maker project, etc. I believe the same is the principle: strip the DRM off and convert the protected iTunes music to some widely-accepted format like MP3.  All you need to know is how to transfer regular music to the mobile device or software.