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I was in the mall the other day and there was a stand set up with something like you are talking about.
It was a computer that ran through your TV and was Windows based. You can watch TV of course as well as search the new and run any programs just like you would your PC.
The cool part about it is that it did what you are asking it to do. You ran yoru cable TV into that computer and it acted as a wireless transmitter to your other TV's giving you any chanell you are getting on cable to other TV's in your home without a cable connection to the remote TV's. There was a small receiver box you needed for each which ran about 50.00. The computer cost about 300.00.
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