What is a "Location Free Player" on the PSP?

What is a location free player for like a psp? and what does it do?

I downloaded the new psp update thing and there's this thing called a location free player (sold separetly) what is it?!?!?!?
Answer:

Basically it turns your PSP into a remote video player. What this means is that output from a vcr, dvd player, tivo, etc, gets piped through your wireless network so you can watch it anywhere in your house on your PSP. Sony has a number of very expensive location free tv's that have this feature.

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