AirServer for iOS is the first application that transforms your iOS device into an AirTunes and AirPlay receiver. It lets you stream audio, videos, photos, and slide shows from your Mac to your iOS device or between iOS devices.
This could be a good alternative for those who do not have a second generation Apple TV. As you will see in the video, you can hook an iOS device up to your TV and stream from a Mac or another iOS to your TV.
AirServer is compatible with most of the AirPlay enabled third party applications. Vevo, PBS, StreamToMe, AirVideo, YouTube, etc.
Compatible iOS Devices:
Your iOS device will have to be jailbroken because AirServer for iOS is only available at the Cydia for $4.99.