If you are planning on using Lossless formats for movies, a la Blu Ray or HD DVD I emailed emotiva about the MMC-1 vs. and UMC-1 and learned one very important detail. The MMC-1 will not receive any audio through HDMI, only the video. So if you have a PS3, or if your BD player doesn't internally decode the lossless sountracks and output through Analog Multichannel, there is no Lossless audio to be had. I would wait for the UMC-1 if you are looking for that.
it seems that a few of those companies are in that transition mode this summer. I've noticed that the outlaw receivers are quite cheap lately, hopefully in process of turning out some new units with HDMI 1.3 features.
