Cost is an interesting thing. To pick on one vendor, a D-Link DAP-1522, introduced in May 2009 and still for sale, has a four port gigabit switch and a built-in access point. It presently costs $72 (at NewEgg).
No offense, but I was confused because that sounds like a standard wireless router. Seeing the description, it looks like it's exactly what I was describing in my last post, where there are two access points in one device, one handling WDS and the other distributing the wireless to other clients, so you could avoid the loss in performance. That's pretty neat, and I'll have to keep an eye on that product. WDS is definitely not something that the average consumer is going to be able to set up manually, so something automatic would be necessary.
*edit* Okay, I looked at that thing again, and now see that it's a wireless bridge, and the "Duo" that caught my eye was just for selectable dual band (which is not as good as simultaneous). I have to imagine that this device would still suffer from halved performance in a WDS setup, which is how I assume it works. */edit*
As far as I can see, there's a primary obstacle to everything you're describing: your ISP. It's funny, but today I long for the days when they'd come into your home and drop a modem somewhere, then it was up to you to do something with it. Of course, initially it was mainly to charge you for every computer you wanted to add to the account, but as people added routers I'm guessing they had a lot of support calls and eventually decided that the most sure-fire way to minimize those calls is to install an all-in-one modem/wireless router. As a result, it's occasionally VERY hard to use your own equipment. My Fios router, for example, is not designed to let it become a mere bridge. I had to do a hell of a lot of stuff to it to get it to the point where I could attach my own router. It's extremely annoying...
So unless the ISP's got on board, none of this will be possible.