Few apps have successfully offered internet TV for the iPhone. In fact, I could probably count them all on my fingers. Some apps are now having success in enabling live TV streaming or uploading, such as UStream or Qik, but that’s about the extent of TV on the iPhone beyond YouTube.

That’s where Stay Tuned is trying to make its debut. Developed by Codefurious, Stay Tuned will start off by offering one single channel live, and expand channels and features later down the road. Here’s the full explanation on the Stay Tuned official website:

The internet has a lot of great video content: video blogs, game and movie trailers, video podcasts, machinima, fan films, internet tv shows and webseries. All this great content, and yet viewers have to track it all down themselves. That’s where we come in.

The Stay Tuned iPhone app will be a single part of a much larger endeavor. We at Codefurious are developing a broadcasting system designed specifically to help viewers watch great internet content. The initial format will be much the same as traditional TV, with a single channel available at launch. And we will expand features and channel selection from there.

Like how this sounds? We can’t do this without your support and feedback. Please follow us on Twitter (www.twitter.com/codefurious) or post questions and feedback in our forums.

Look for us in the iTunes App Store soon!

So of course I’m intrigued, but the information on this particular channel being offered is extremely vague. What kind of internet content will this channel have? Will the app catch on if the general public doesn’t get to choose what they watch? Hopefully we’ll get answers soon.