DSM Update Version: 7.2.2-72806

[Rusty]

Does the below mean that my DS218play will no longer offer 4K hardware transcoding which was the "great added value" of this device?

4. Starting from this version, the processing of media files using HEVC (H.265), AVC (H.264), and VC-1 codecs will be transitioned from the server to end devices to reduce unnecessary resource usage on the system and enhance system efficiency. These codecs are widespread on end devices such as smartphones, tablets, computers, and smart TVs. If the end device does not support the required codecs, the use of media files may be limited. Refer to this article for workarounds. In addition, please note the following exceptions:

If you were using Video Station, then yes. Mainly because VS was terminated in DSM 7.2.2. If on the other hand you are using any other 3rd party platform, it will work just fine.