The thing is that I have the entire upstairs of my house networked, but nothing downstairs. However an easy fix for me would be to use the Cat 5e that is currently being used as Cat3 (for landline phones) to give myself a network port downstairs in the kitchen, and since I really don't feel like fishing a bunch of wires through the 1st and second floor, a 4 or 8 port network switch would be an easy solution. The jack that is in the kitchen is on the other side of closet that happens to border the livingroom which is where I need my network. So it would literally as simple as blanking that plate out, then drilling a hole in the other side inside the closet where I can connect my network switch, from there I can run 4 Cat 5e cables to the closet wall adjacent to the living room and install my junction box with network ports.
So as you can see, this is much easier than drilling a bunch of holes and fishing wires through drywall and all that crap. Plus, once it's done, it will look nice and neat just as if you had taken the time to all that crap.
Although I don't use uTorrent as heavily as before, the reason I want to do this is mainly so I put my PS3 back on gigabit so I can stream HD videos again, and since I'm in the process of converting my NAS to a mATX (from ITX) running Ubuntu I'd like that to be downstairs where it has more space and can access the network (which will be in the downstairs closet mentioned earlier). My current NAS will be converted to a media streamer which will use the 3rd port and leave me one to spare.