ThinkFlood has just killed the first RedEye product which went on sale in December for $188, with the massively-superseding RedEye Mini. It costs only $49 and plugs into the iPhone's 3.5mm jack instead of via a clunky plastic dock.
After months of private beta testing, ThinkFlood's RedEye goes on sale today. You control the dock using an iPhone app via Wi-Fi, and it sends out infrared signals to control your AV gear. At $188, it's not crazy expensive, either.