Air Video lets you stream video from your Mac or PC to your iPhone. It works over a cellular or Wi-Fi connection. You can use it with almost all common video formats, and you can convert most formats on-the-fly, so you can usually start watching your video immediately after you select it.
If you’re thinking this sounds a bit like Apple’s AirPlay or Home Sharing, you’re right. The big deal is that AirPlay and Home Sharing work only with devices on the same Wi-Fi network. Air Video works over any Wi-Fi or cellular data connection, so you can watch movies stored on your computer regardless of where in the world you happen to be.