IRDA has specs for up to 1Gbps, but it never caught on due to its requirement for line of sight. What would work nicely is gigabit IR in overhead APs as a way to offload traffic from a more conventional RF wireless network.
One good control strategy is to AND the 500kHz switching frequency, 38kHz carrier frequency, and data signal together. Use that to set a positive edge triggered flip flop, with a current comparator resetting it as soon as the set current is reached.