Coolatoola.com has released Shairwaves, a new HD audio device sharing app for the Mac. It provides the ability for Macs to share their connected audio devices.

Just as printers and screens can be shared, so now audio devices can be shared as well. Although its similar to Apple's AirPlay, Shairwaves doesn't use AirPlay's protocols.

The app purportedly replicates all device characteristics — up to eight channels with sample rates up to 192kHz and sample widths up to 32 bits. Encoded audio formats are also shared, making it possible to watch a DVD or iTunes movie on a MacBook and have the 5.1 surround audio come out of a home theatre system with no wires.

Shairwaves supports Mac OS X 10.5 and higher. Pricing starts at US$15. Go to the Coolatoola web site for details.