You can control practically anything from the thermostat, AV components, lighting - as long as they are part of your wireless network.
Crestron has introduced the Isys i/O TPMC-4X handheld WiFi touchpanel, which provides 2-way WiFi connectivity and can control anything connected to an Ethernet Crestron control system, according to a press release. The touchpanel remote can control lighting, media servers, HVAC and shading systems. (source)
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