I got a chance to check out Metalink’s wireless chip technology a few months ago, as the company played a crystal-clear high definition movie and ran it over three blazing-fast wirelessly-connected TV’s. If the demo was the norm, it was as easy and fast as wireless networking should be. Today Chinese consumer electronics-maker Haier said it tested its high-def TV’s that are using Metalink’s new WiFi chip set–N-compliant standard–for wireless networking.

But the technology won’t likely land in your living room for a good long while, if it makes it that far. Metalink is an Israeli fabless chip company, that has plans to work with other consumer electronics makers to embedded really fast WiFi in products like set-top boxes, DVRs and residential gateways. While the technology is the latest wireless breakthrough for the digital home, the company isn’t making any money off its innovation just yet. The company lost $4.1 million in the first quarter of this year, and competitors like Airgo, and Broadcom could very well have the upper hand.