This could be cool. If there ends up being LEDs and IR sensors on this, it would be really nice if there was an option to not have the LEDs so someone could solder in a jack to connect an IR transmitter that's on a cable, and the same for a IR sensor. One of these in combination with blue tooth or a wifi shield could be really fun to play with... or it'd be awesome to integrate it with something like openremote.
This definitely gets my vote.