Do you own a PS3? You can do what you're talking about with the Youtube app.
My HDTV has a USB port. I can view content from a USB drive. I have always wondered if a USB wifi adapter would allow my TV to accept streaming content. I don't own a USB wifi adapter. But if I could find someone who did, I would love to try before I buy.
Droid does some cool and amazing things. Yet it does not do some basic stuff that has been stock on most phones for years. It makes me think the Google developers were marooned in some kind of a 1977 LOST flashback/flashforward/sideways combo reality gameshow