I've been watching YouTube videos on my PSP and it's really awesome. I don't need to download the YouTube videos anymore on my PC and rip the FLV file to PSP compatible video formats. I can now watch it on the go as long as my PSP is connected to a WiFi internet connection. The steps are fast and easy to do, just follow the instruction here at How To Watch YouTube on PSP article.
Thanks to Pinoy for sharing this PSP YouTube Tip.