The internet browser is pretty slow so theres nothing you can do about that. And no you cant stream video from youtube, as the flash player is the lower version. You can use the RSS feature to get audio and video content from the net. Audio can be streamed but video must be downloaded first.
Some websites are designed for PSP (newgrounds has one) and you can also use Memory Economy to perhaps lessen loadtimes on websites at the cost of page elements.
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