We already know about Orb, the app that allows you to stream TV to your iPhone. Although very impressive, Orb requires some extra hardware and seems more like a pain in the ass than a truly practical application. Here comes LiveStation, an application currently being developed by UK company Skinkers and that aims at making live TV on your iPhone as easy as it should be…

In the following video, CEO Matteo Berlucchi talks about Livestation and confirms it is currently being worked on. But most interestingly, Matteo shows a demo of the app and it is astonishing! Apparently, Livestation will only work on wifi to be in total compliance with the carriers TOS but I suspect a hack to become available as soon as Livestation is available, to make it work over 3G as well.

Check out this video. Skip the first two minutes if you want to go straight to the point.