Sony Ericsson Aino is not the PSP phone, but perhaps it is the next best thing you can find out there now! Aino is the first (and surely not the last) phone with Remote Play, a feature which allows you remotely control your PS3 and watch streaming videos from it over WiFi or anywhere through the internet.
Sony Ericsson Aino can pull videos and other media from their phone using Remote Play which was originally designed for use with the PSP. In some countries, the PlayTV service can also be used to receive TV through a PS3 (Playstation 3). On top of that, PC owners can automatically synchronize media from a PC over WiFi using Media Go.