Blu-ray's and video senders

[Snake-V2]

Hi all

Just a quick question I hope some of you may be able to help me out with.

I have 2 HD-TV's (one up, one down), the downstairs TV is attatched to the PlayStation 3 but the upstairs HD-TV isn't actually attatched to any HD source.

I presume many of you know of the 'video sender' - a device which broadcasts a signal to other TV's which have a receiver?? I was wondering if one of these would work with the PS3 for transmitting Blu-ray movies to the other television in the house - and on top of that - would it be able to maintain a 'better than DVD' image (I assume there would be some degredation due to it being a broadcast signal in real time).

Just as a means to watch my BD's on another TV without having to purchase another player or spend too much on other equipment.

Thanks in advance!