Watching TV on our Android devices has been something everyone has wanted for sometime now. Although there have been attempts, they all have been lackluster thus far in providing a quality experience. XDA member KuRouZu has released TV Show Stream which allows you to stream TV to your mobile device.
The application requires that you are running Android 2.2 and have the flash player installed.
We have been working on this app, is my fourth android app.
The application searchs over internet for tv-shows links capables to be played directly on your device, with full screen support using megavideo and other hosting services. The search resoult areshown in a intuitive and easy to use interface.
You can find more information in the app thread
Source: XDA Developers