The Middle East Media Research Institute (MEMRI) provides TV clips with closed captioned English translation.
Now we can see, first hand, some of what the Arabs are seeing on their TVs.
Be aware MEMRI's Media Center is in Jerusalem, so it might exercise some bias in the selection of clips, although it claims to be independent.
Thanks to Jen at A Collection of Thoughts for providing the link. I'd heard Neal Boortz mention this yesterday, but couldn't find it (not knowing the exact spelling).