One of the biggest site of streaming and P2P in the World.: PPLive : Current version: v2.4.1.

PPLive is one of the oldest (or better say first) p2p programs. It has been released in December 2004, before it was called Synacast. It's for sure a nice program, unless the blocking of Sports channels for foreigners (non-chinese).
But as all programs there's a way around that, see our forum!
Have fun with this program!

Release notes:
What are the new improved version : Version 2.4.1
Beta Version number: PPLive 2.4.1.0011
Published: 2010.01.20
Windows platform + Media Player 10
Software size: 11.5MB
Complete new interface has been created

Channels:
Alot of nice channels, like CCTV5, several sports ones and alot of movie, music and regular chinese channels.

Instructions:
It's easy to get this program working. Make sure to Download PPLive first from the official page or use 1 of the mirror downloads. If you've done so, prepare to install. Select a location to save it and start installing. At the end of the installation you can select how to sort the channellist. Best is to sort it in category, so on content. Then you got music, sports and other categories in your channellist.
You don't need to install Flashget, so unselect it and press the I... to finnish.
When you're done with that, run the program for the first time. On your right you will see a channellist with alot of channels. Just click a category and double click a channel to start it. It will start buffering, as you can see on 1 of the screenshots. Then you will get it playing.
The menu is in English when you use an 1.9.X version. With the latest 2.0 and 2.1 versions you will have a chinese menu and chinese characters installing.

Playing in Media Player:
With older versions: You can select it inside the PPLive Play screen : Right mouse --> Play in Default Player(D). Or you can open http://127.0.0.1:8888 in MediaPlayer. Make sure to load the channel first .

Downloads:
Official Download PPLive: http://rapidshare.com/files/392944084/pptvsetup_2.4.1.0011.rar

Screenshots: