You are all going to love this one... I figured it out last night.
Turn off your bluetooth radio, and my god! the video works!
Turn the bluetooth back on and watch your TCPMP videos play like fubar!
It's not a TCPMP problem. With the bluetooth radio off, the video plays just fine for those formats that are supported for the ATI Decoder.
This device sure has it's problems. Perfectly useless ATI decoder chip when using bluetooth... how nice.