I just wanted to report my results - I am watching it on a laptop wirelessly and as long as the signal stays strong it works like a charm! I did have problems in the beginning, but i boosted my router signal and rebooted it. After that the reception on the laptop has been great. More fun with eyeTV!

Server:
G5 DP/2.0
EyeTV 500

Conduit:
Linksys WRT54G/GS running DD-WRT Firmware

Reciever:
Acer Aspire 1640 with a 1.7 Pentium M
Using Builtin G Wireless Reciever