I was looking for a TOSLINK switch that could handle three or more inputs and came across one of these on ebay:
http://www.trustedreviews.com/Joytech-C ... ew-summaryAimed at X-box users, It's not just a remote controlled TOSLINK switch; as well as having an X-box input, it also switches four sets of svideo, video, RGB video, TOSLINK, and analogue sound, and incorporates an ethernet hub. This is a discontinued model because it doesn't handle HDMI, and is VERY cheap if you can find one - CEX, Britain's biggest chain of second-hand game stores, were last selling them at £8, about $12.
It's cheap enough that I've bought one to play with it - if it turns out to be rubbish I should be able to sell it on easily enough. I'll post again when I've had a chance to try it, should be some time next week.