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Because I have a 10MB hub mostly, and that this sound like an unstable situation.
I could be wrong though. Am I ?
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A 10mbps hub really shouldn't be much of a bottleneck at all, that's still the ability to transfer at 1.2 megs/sec, so unless you're running lossless or anything it shouldn't be a any sort of real delay at all (and I think Winamp can stream files as they're loading, as well).
Alternatively, as much as I hate to suggest it, you could put iTunes on each computer and allow them to share their music on the network (and I think it might even be on by default). Then you can browse/play Computer 2's music with no more difficulty than your own.
If your hifi system is hooked up to Computer 2 then all of this stuff is probably wasted because I could see why you'd much rather be playing it through there.
There's nowhere I can't reach.