AirFloat, an application that was previously removed by Apple in the App Store, made it’s appearance on Cydia last night. Although there has been a few ways to get similar functionality, which I have covered awhile ago, there was many flaws and instability problems. AirFloat simplifies the setup needed to enable AirPlay streaming to an iOS device.
AirFloat is a very useful tweak that can be used to take advantage of older or extra iOS devices by turning them into AirPlay base stations, converting any audio platform into a networked streaming device. Although AirFloat does not support video, it is very good at streaming audio. I have not experienced any lag over the network and the quality is excellent.
I have filmed a complete overview and demo of the application AirFloat. I think it deserves to be added to my list of essential jailbreak apps.