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Here is an amazing gadget which converts your iphone or ipod touch to a universal remote control.Using apple iphone or ipod,you can control your TV, stereo, cable box, DVD player, and many other devices that receive standard (infrared) signals.You dont need to search for the right remote all the time.

RedEye is a personal remote control.Using this you can launche any activity – watch TV, listen to music, play a video on one touch. You never have to hunt for the right button as it provides a very user friendly interface.
It acts as a Wifi to infrared converter.The Iphone or ipod will be connected to the red eye via Wifi and the red eye can communicate with the home applience via infrared rays.Thus it forms an intermediary between the iphone/ipod and the device.RedEye device sends out infrared signals to control your equipment.

A hardware device called Red Eye and a free App available on iTunes are all enough to turn iPhone or iPod touch in to a remote control.

This will also increase the range of remote also from infrareds range to wifi s range..That is you can control your devices from other rooms also with in the range of Wifi.