The MMC-1 is the "little brother" of the DMC-1, which is reviewed at Audioholics. They gave the DMC-1 favorable marks IIRC, though I don't remember the details since I'm not looking in that price range. Performance will probably be fairly similar with the MMC-1. The features that the DMC-1 has that the MMC-1 doesn't have are: 2nd component video output, iLink (aka Firewire) input, and MX500 universal remote. The DMC-1 has an external HDMI switcher, instead of integrated HDMI like the MMC-1 and many current receivers.
What's your timeframe for getting the MMC-1/IPS-1 combo? Emotiva is supposed to finally start shipping yesterday, after having announced these models months ago. There likely is a waiting list that may take some time to fulfill.
