Wireless VIdeo Transmission

Ok so I am new to the world or open source hardware, not so much to electrical and robotic engineering, I do props and sfx makeup along with minor animatronics and lighting. So I am not a complete novice with these things. Although I am hitting the open source learning hard with Arduino, Sparkfun, Adafruit, and Raspberry Pi. Now to the crux of the mater. I have had it in my mind to build this sense I was a child, my own type of wearable tech, IE video/computing/AR/nightvision goggles or HUD of some kind. Adafruit's hacked glass and the discovery of the existence of the Raspberry Pi and Ardiuno made me realize that these are no longer flights of fancy. So what I am wondering is possible is the wireless transmission of video data. i know that there are a bunch of radio and bluetooth open source devices and I know data is data, but does the Pi or Ardiuno have the power to seamlessly process incoming and out going video data? To give a couple of examples how i would apply this data I am designing two things. One a pair of Ecto Goggles (Ghostbuster Goggles), these will be built inside the case of so old Israeli nightvision goggles, with a 3 selection switch between 3 camera inputs of different types that would pipe out to twin hud display's the kind available from Adafruit. Two steampunk wearable computer system, with this I would like to be able to transmit the desktop to the same type of display wirelessly.

So what I am wondering is possible is the wireless transmission of video data.

Of course it is. How do you think your TV works (or used to before cable)?

but does the Pi or Ardiuno have the power to seamlessly process incoming and out going video data?

That depends on your definition of "seamlessly process". The Pi might, for some definition. The Arduino does not, for any definition.

Various people have done something similar using a smartphone as a wearable display device. Google's most recent version was made mostly from cardboard. The smartphone based approach is IMO the only sensible option for low tech DIY since it gives you network connectivity, reasonable processing resources and an easy development environment as well as a high resolution display. If you take any other approach you will end up essentially recreating your own equivalent of a smartphone. There's nothing wrong with doing that for the fun of it, but it doesn't seem like the most efficient way to tackle the problem.

Just use something like this:

http://www.rakuten.com/prod/spy-pinhole-nanny-mini-camera-system-wireless-full-set/212941669.html?listingId=57317502&scid=pla_google_Electronics&adid=29963&gclid=CNXVhvvGob8CFbRj7AodZW0A_w

actually I found what I needed, was looking and learning about ISM band and took a chance on an ebay search for 2.4ghz video transmitter and found these.

http://www.ebay.com/itm/FPV-Video-Stereo-Audio-AV-200mW-2-4Ghz-Wireless-Transmitter-module-Receiver-/191020242855?pt=US_Surveillance_Security_Systems&hash=item2c79b197a7

http://www.ebay.com/itm/2-4Ghz-Wireless-RCA-Camera-Video-Transmitter-Receiver-/221479740482?pt=US_Video_Cables_Adapters&hash=item339138a442

So the video is piped right to the glasses, i.e. no digital processing on the video? That will work.

I tried a similar camera and it gave me much trouble. Sometimes it would work and sometimes it would not. It required a lot of fiddling.

Also tried an iPhone to a python program running on a mac. That worked ok, i.e. relatively stable. Hardest part here is dealing with multiple programming environments. Would probably be easier with an Android phone in Java going to a Java server.

Actually, there is a video processing, i am guessing a decompiler mainly of some kind for transferring the USB 2.0 video data stream back into a NTSC/PAL video data stream. there are the displays https://www.adafruit.com/products/1452 basically going to try to convert what was a mini usb to usb, into the 2.4ghz bridge.