Thanks Drashna for the PM. I took the time to re-write your directions to help these guys out.
Drashna's method (re-written)
1 - Open the "videoplayer.jsp" (Default C:\subsonic\jetty\2583\webapp\WEB-INF\jsp\videoplayer.jsp)
2 - Find the first line you come across that says "var maxBitRate"
3 - Directly below that add this line "var maxBitRate = 500;" without quotes. This will set the Max Bitrate for video streaming to 500kbps.
Your finished code should look something like this:
var player;
var position;
var maxBitRate = ${model.maxBitRate};
var maxBitRate = 500;
var timeOffset = ${model.timeOffset};
After you have changed the code make sure you restart subsonic, after you have restarted subsonic stream one of your videos and you will be able to see the quality difference. The video will no longer be in 1000kbps quality even though the drop down menu shows 1000kpbps. I know this is hard to understand but trust me it works. I also did the same method above to the "videoplayer.jsp" file in the "C:\subsonic\jetty\2583\webapp\WEB-INF\jsp\rest" folder. Not sure if this matters but I did it anyways and all my movies stream at 500kbps default (remember even though the drop down menu says 1000kbps it is actually streaming at 500kbps because we modified the code to do so).
Hope this helps you guys and I hope they add this feature to the backbone of the program so it will allow us to set the default and max video streaming bit rate in the settings GUI. Thanks again Drashna for helping me out!