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Yep, you can only activate your account on 4 other PS3's so far as I know.

All you do it create a new user on their PS3, sign up for PSN, choose existing account, log-in, then go to downloads in the top right corner of the PS Store, the click and download. You can go back to your profile then once the downloads have been activated and they will continue to download.

You can download map-packs or small to medium PSN games (Fat Princess and COD map packs for example). Larger games like Wipeout it won't allow you. (For obvious profit reasons.)

I think in this case of Warhawk you might be able too, but then you're restriced in that one PS3 cannot play for 24 hours after the other player logs out, or something.