believe it or not, i think someone made a run of speaker wires with cat5 UTP as an "experiment"...

http://www.venhaus1.com/diycatfivecables.html

hehehehehehe.

as for the coat hanger idea... i'd wonder about the lack of shielding on the digital connection...

best of luck with your setup! i recently acquired my 1050 at home as well and it's been keeping me happy so far.

-e