It's a rip off. Basically, you pay them for all their hard work (a.k.a. Google) in scoping out free Internet radio stations and video streaming Web sites. Then you download their proprietary software (a.k.a. an HTML page) that indexes and allows you to watch and listen.
http://wwitv.com/
Same thing, only cheaper.
Google "internet tv" and "internet radio" and knock yourself out. Save your money. Or better yet, pay me. :+
Slow and steady, even in expediting, wins the race - Aesop