Similar in that it would be remote, but the beauty of SqueezePlay is that it can also stream from the server. Also, I just have a PC hooked up to my stereo and TV and use slimserver to play music and therefore no additional hardware requirements like a Roku or other device.

And I forgot to mention another benefit of this port would be with the recent news of Ubuntu MID and Mer joining up, this could be used on numerous devices in the future, beyond N770/N8x0.