I've updated PenguinTV to version 3.9.4, which switches html rendering from mozilla (which is a memory hog) to gtkhtml (which isn't great but works). PenguinTV should now start up faster and consume a little less memory.
The only real bug is in gtkhtml, and that is that links are hard to click. You have to doubleclick them quite quickly to activate them. Other than that everything should be fine.
i get the app to load, but then an error about penguintv feeds not found. i am requested to install penguintv and define them there - however penguintv is not available for n900.