Talk about comprehensive! Bebe has sent us a tip of his discovery: a way to stream TV from TVU player to the PSP. He even sent us a link to a video (which we can assume would also be him, since the user name for it is bebeboouk.

The process itself needs a couple of things before you can try to stream anything, so take note of the following:

PMP VLC v0.0.9
VLC Media Player
A WiFi connection
TVUPlayer, and
the PSP version 1.5 (for his guide, anyway)

You'll need to mess around with the code in the PMP.ini file to get it to work properly, but his guide in the download link lists all the steps, so you don't miss a thing. You can also look at the video below for a visual perspective to getting it to stream. The one thing he mentions that you might not like is the need to get back to the computer if you want to change channels, but it could be worked around in the future. For now, at least, you can lounge around away from the computer if you feel like watching a TV movie.

In the meantime, try it out, see if it works with other firmwares, and let him know (email in the readme!) your thoughts or offers of assistance. Enjoy!