Sorry to be the one to pop your bubble….. but, I was looking at the NAD Master Series when they first came out. Unfortunately, they only switch HMDI audio, they do not process it. You better give NAD a call.

Currently, the only pre / pro on the market that actually processes HDMI audio is the Anthem AMV-40, 50 and D2. The AMV-50 and D2 also incorporate a very nice video processor, but I believe they are simply overpriced and you can find stand alone VP’s, plus the AMV-40 for less.

I would wait until you are ready to buy your separates. By that time there should be more on the market to choose from that actually process audio. Denon is rumored to be releasing some separates with HMDI 1.3 that might be worth waiting for.