Here is a new product to allow the iPhone/iTouch to be used as a universal remote. The last paragraph of the faqs specifically mentions  B and O.   But aren't B and O remotes rf, not ir?

 ThinkFlood :: The RedEye Remote Control System

ThinkFlood :: Frequently Asked Questions - RedEye Support

No, they are IR but at a much higher frequency - which is why this doesn't work at the minute. They cannot decode the B&O signals - shouldn't be long though!

http://www.filewell.com/iRed/

You can use Ired/IRTRANS from the Touch Iphone already. No need to wait. I used it the other way around for some time, Beo 4 to control my Mac.

Cheers

JK