You might be able to get the Ocelot to do what you want but there are better ways. The Ocelot is better as an automation controller which can interact with IR as well as X10.
There are various ways to distribute IR. I'm most familair with a hard wired system of receivers, connecting blocks and emmiters. There are also wireless systems as well.
If you have access to run low voltage wires (Cat3 or Cat5 works well though you don't need anything that fancy) then a wired system is likely the most reliable. I've used the Xantach prodcuts and they work very well. What you would do is build a system with a receiver in each viewing location and a connecting block and emmiters in the source location(s).
The Ocelot can watch all of your IR traffic and take actions (X10 or IR) when appropriate but most of the time all you'll need is a simple relay not anything that requires "thought" which is what the Ocelot's programablility allows.
Check out the IR distribution page on Bill E.'s site:
[Link: homeautomationnet.com]