A local LV installer tells me that he frequently runs 1 Cat5/6 wire to feed 2 ports. Since network ports only require 4 wires he says it works fine.
Logically this sounds OK but are there any issues with doing this?
In theory you can do that..
http://www.instructables.com/id/How-to-mak...%22splitter%22/
Where I come from I would call that the getto solution. The problem, especially for TV drops you might end up doing HDMI or some future technology over cat5. That alternate source is likely to require all 8 wires. At my TV drops I ran a wire with 2 cat5 + 2 coax and then I ran a seperate mini-rgb(5 wire) and a hdmi or two. Already I would like to run additional HDMI sources which will steal the cat5s.. If anything I would run more cat5 to tvs etc not less.
My opinion would be that while there could be a few places where you would want two network jacks at the same drop the more likely solution is that you will want to use those cat5s for other types of data and therefore may not be able to share it in the future.
I dont know what I spent on wire.. maybe $600 or so on material.. Of that I used one box of cat5 I think (not including the 2 cat5/2 coax combo). Another box of cat5 is maybe $60.. the first time you need to bust open holes in your wall to run extra cat5 you can expect to spend a few hundred in time and effort.