Yes there is. Niles makes a couple of products that will do just what you want.
http://www.nilesaudio.com/product.php?prodID=DPS-1&recordID=Source%20Switching%20Systems&categoryID=Switching%20Systems&prdcdID=FG00003
http://www.nilesaudio.com/product.php?prodID=SPK-1&recordID=Automated+Switching+Systems&categoryID=Switching+Systems&prdcdID=FG00240
Bill
http://www.nilesaudio.com/product.php?prodID=DPS-1&recordID=Source%20Switching%20Systems&categoryID=Switching%20Systems&prdcdID=FG00003
http://www.nilesaudio.com/product.php?prodID=SPK-1&recordID=Automated+Switching+Systems&categoryID=Switching+Systems&prdcdID=FG00240
Bill