"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."

As the music in iTunes is encrypted with DRM, you cannot directly transfer it to your PS3. The easiest way is to burn the music to an audio CD and then rip it back to Windows Media Player or a similar program as an MP3.

Or you can get some software to help you. TuneClone is a pretty good program to get the iTunes protected AAC (M4P) music burned to MP3.

And this page demonstrates how to remove DRM from iTunes music and convert iTunes DRM protected AAC (M4P) music to MP3 for Sony PlayStation 3(PS3) using these two methods:

1. Burn an audio CD and rip it back to MP3
2. TuneClone

And below is the tutorial page:
http://www.tuneclone.com/how-to-import-itunes-music-to-playstation3.php

So now you can listen to iTunes music while playing games with your PS3.