Transcoding multiple media elements for independent wireless delivery. Respective media or multimedia elements are selectively and respectively encoded and/or transcoded. Such respective and selective processing of different media elements provides for their unbundled and independent communication to one or more other devices. In one instance, different respective overlays of a display (e.g., a computer, TV, PDA display, etc.) are respectively and selectively transcoded and/or encoded to generate different respective streams that may each be handled differently as a function of any number o...