More information on the cable can be found here:
http://www.inlineinc.com/products/coax/pdf/IN7000FP.pdf
Quoting from the datasheet we have the following.
Quote:
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With a video bandwidth of 130 MHz at 50 feet and 40 MHz at 100 feet, the IN7000FP Series is ideal for short and medium length cable runs with high resolution signals and cable runs up to 200 feet or more when used with lower resolution signals.
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If you know the limiting bandwidth of your component you can use the above as a guide for your particular application.
That's real interesting there CRyan. Looks like it's silver plated copper center conductors. If that don't beat all! In fact, the description is somewhat similar to Better Cables products. For component video, they use three lines but if you open the cable up you find that they've cut 2 coaxes down.
To get back to your question, there's no reason why you couldn't use this for video applications provided you take the product's spec's into consideration. I'm unclear what you mean by stereo applications. If you mean using the cable like speaker wire, the answer is not recommended. While you could use the other two center conductors as the + and - for a speaker cable, the 26 gauge is a mite on the thin side.
Bob McElfresh has posted about other products that bundle a variety of different conductors to facilitate home wiring. I believe Belden makes them but I don't recall the specific product ID.