Bluetooth over Ethernet, Why Not?

I am looking to move alot of my electronics to a wiring closet and use RF and HDMI over ethernet to get to my displays / recievers. I have a Yamaha rxv1700 as a receiver which is used to switch between a PVR/Digital TV Receiver, Custom HTPC, Wii, XBox 360, and potentially a PS3, all of which are connected to my Yamaha Receiver over HDMI. So the goal is to move all that gear into the wiring closet and do one run to my TV in the living room of HDMI over ethernet,k no problem there, next problem is sound, well i'll just run some stereo cable to my speakers in living room as well as sub, no problem, next is my remote, using RF to IR so no problem there, then the next issue is to give some connectivity to my computer, USB, Bluetooth for keyboards and peripherals, not an issue will just run USB over ethernet and connect a USB hub in the living room, Now, XBox, Wii and PS3, all run over Bluetooth, but not an external bluetooth, it uses an internal bluetooth that has a very limited range and my wiring closet is to far to transmit to. WHAT TO DO.
I have searched all over the internet to find a device that extends range for a reasonable price and there is nothing. So I have decided to do a little experiment and see if I can get this to work.
Bluetooth is basically rs232 over the air. A simple protocol of send and receive, each bluetooth receiver has a send capability and a receieve capabitlity, and for my experiemnt I am going to take 2 USB connected Bluetooth receivers and plug them into either end of a usb female end which is run over cat6 cable using the there are 2 wires that we will connect recieve and send as well as 2 more wires for power.

Bluetooth to USB
1 Power -
2 D+ (data receive)
3 D- (data transmit)
4 Power +

so lets start with end A which is where my XBOX 360 Controllers are:
end A will be receiving instructions so we will use the configuiration above whic is a default config for Bluetooth to USB, we will map those to an cat 6 cable for the wires 2 and 3 and we will power 1 and 4 with an independent 5V power supply.

on the other end near the the xbox console we will terminate our cat6 cable to a female usb and connect another Bluetooth reciever except we will cross the wires

1 Power -
3 D+ (data receive)
2 D- (data transmit)
4 Power +


with this I am hoping that the bluetooth receiver will be fooled into the idea that it is supposed to send the data rather than receive and the signals will be sent to the xbox controller and the inverse will be true for sending from the console to the controllers.


I will let you know how it goes if anybody is listening