Thought will give an update. The 12m/40ft hdmi cat2 6.75gbps cable works great. No data loss. The picture i get through the 1080i sattelite box and the 1080p blueray player is unbelievable. Looking at HDTVs in the store I knew I will get a fantastic picture but the setup at home exceeded all my expectations. For comparison I got a short 10.2gbps cable and could not see a difference.
Got the LED TV wall mounted and routed the cables through the walls over the weekend. I even hooked up my PC to it. Now everyone is happy at home. Mainly cos I did not spend the cash on bike stuff I am guessing