TVersity 0.9.11.2 converts your PC into a type of practical multimedia store, where you can store all the content of a PSP, XBOX, Wii, iPhone, PS3 etc via Wifi, LAN, Bluetooth, etc.
Thus you´ll have all this multimedia (some will need codecs to be seen correctly in a PC) in your own PC, and watch them directly from there, without needing to use the portable device (nor install unnecessary codecs in those devices).
To work correctly it needs you to previously install DirectX 9.0 or later, and if you don´t have it you can get it here: Link.