HD Should Be Wired, For Now
AcidAUS writes "Current wireless networking standards aren't fit for streaming high-definition (HD) content between a media centre PC and multiple extender devices, according to Intel and Microsoft." From the article: "'You've also got to remember though that wired connectivity is a lot more efficient than when you start putting it [HD content] over wireless,' said O'Shea, adding that the real-world bandwidth of 802.11g would 'probably top out around 22Mbps'. Intel's Gurgen added that in addition to efficiency differences, one must also consider other network traffic when weighing up a move to wireless. 'Remember that at that one time when you're streaming content it's probably not the only thing that's happening. You could be sending e-mails, you could be downloading some sort of update,' said Gurgen. Both O'Shea and Gurgen declined to comment on whether or not the upcoming 802.11n Wi-Fi standard would make wireless streaming of HD content throughout the home viable."
I live in France, where I have Free as an ISP. The ADSL service is 24Mbps and comes with an ADSL Wifi-MIMO equipped modem (built-in 5 port switch as well), and a Wifi "Television box", that streams MP4-Encrypted HD content over the Wifi without problems. And the content is drop-dead beautiful. In addition, I can receive a second HD stream to my computer while one is playing on the TV, though my Athlon 64 3000+ sometimes struggles with the HD content...
(For those that want to be jealous, I pay 29.99 for this service, which includes a fixed IP, 100 Channels of mixed HDTV and standard digital TV, and unlimited calling to everywhere in 40 some countries, including the US.)