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Airfoil is a fantastic app. I bought it last year and my only regret is not buying it a long time ago.
For me, the best thing about Airfoil is that it has support for Applescript - which means - you can automate it in all kinds of ways.
I created a simple Applescript app that turns on the Wemo connected to the amp for my stereo and starts streaming iTunes to those speakers. And when the Applescript app quits, the Wemo gets turned off and iTunes switches back to playing on my Mac. Then, I created another Applescript to toggle the Wemo-stereo app and I assigned it to a hotkey at Option F10. So, Option F10 turns on my stereo and starts streaming if it's off, and it turns it off & stops streaming if it's already on. And since that Applescript app is an app, it means I have an app icon in my dock when my stereo is on. For me, that's really handy as a reminder to turn it off when I'm not using it (by quitting the app).
Airfoil is awesome. It's definitely worth its price.
If you like to code, you can do all sorts of great things with the Philips Hue API. For example, I use the function keys on my Mac to control my lights. I also paired my Hue up with a Flirc USB dongle. Flirc receives IR codes from remotes and translates them to user definable hotkeys... thus ...with Hue, Flirc, and a bit of code, you can set up a universal remote to control your lights in all kinds of ways. Granted, the Hue Dimmer Switch is actually a remote and it looks like it's pretty great, but it didn't exist back in 2013 when I created my setup.