Thanks for the reply. This is exactly what I did the first time. I did it again, and didn't have any problems (again). Maybe what I'm missing is how to actually play videos with this player? When I open a video file, I don't have a new listing/app option. I'm also very interesting in the streaming features the OP mentioned.
Try navigating to /system/app and double click on the apk file and install it... Hope that works.