The PL1167 also called the LT8900 is used to transmit the data between the Milight bridge and the Milight bulb. It is also possible to directly control this chip from an arduino. On this link you can see the required connection schematic for attaching this chip to the arduino.
The software for writing to a Milight bulb can be found here from Authometion. This is a fairly complete implementation of the Milight protocol. The program unfortunately does not read data from a remote controller.
To do that you can try the following library from Rob vanderveer. I had to make one small modification in the LT8900.cpp file which was to  add the LL on the end of line 111 in this file. It now looks as follows: setSyncWord(0x03805a5a03800380LL);
Of course this is not the correct keyword for the milight protocol and also other changes need to be made. If anyone has got this to work please let me know.

pl1167-radio-module (1)pl1167-radio-module

You can see that the pitch for the pins are 1.27 and not the usual 2.54.
There are several ways to connect these. Below you can see some examples:
1. Solder a 8 pin 2.54 header to every other pin on the PL1167 connector. Then connect wires to the open pins on the header.
2. Soldered two 4 pin connectors with 2.54 pich to everyother pin. One connector facing up and the other down.
3. Use an adapter board converting 1.27 to 2.54 and solder the PL1167 normally with 1.27 header.

Then the pins could be connected to the arduino. Please take careful note of which pin goes where. Its easy to make a mistake.

PL1167 v2PL1167 v1 PL1167 v3

As you can see i finally soldered the last of the three to an arduino prototype board.

PL1167 proto