Belkin proudly introduced us the FlyWire wireless HD/HDMI system a year ago at CES 2008 and then at every AV-related trade show. But it looks like the global recession made Belkin rething the launch of the $1499 device.

“Last year, Belkin announced FlyWire™, a wireless HD transmitter that delivers high-definition video and audio wirelessly to any TV, anywhere in your home. We realize that its retail price of $1499 would be out of line given the current state of the economy. With that in mind, we’ve opted to halt production of FlyWire. We will no longer be introducing FlyWire to the market at this time. We know there will be some disappointed folks out there, but our end goal is to introduce products that are accessible and that make sense in the current environment.” Belkin official statement.

The FlyWire promised to transmit 108op/24 Full HD video between multiple sources and an HDTV or projector, while still preserving HDCP for copyright-protected content.

Link:Belkin