This website is also good for live sport and many other things - especially films. It has virtually eradicated any last morsels of boredom from my nightly walks.
The quality of the streams is fantastic; it looks as though you are legitimately watching television. Many people stream large blocks of a single show, such as Family Guy, The Simpsons, and Top Gear. This is great because one can simply start watching a channel at any time and he or she will be treated to something magnificent.
All you need to do is go to veetle.com, the mobile version, which is simply a list of good channels, will show up. All you need to do is tap the channel you want to watch, and it will load in the iPhone's QuickTime player, and you'll be set.
I wish you many hours of entertainment whilst walking, sitting in class, or queueing - it's spectacular regardless of where you are or what you're doing.