That Alesis is the right idea, keep analog, analog and keep digital, digital. (My bedroom studio is full of Alesis gear.) It just seems messy to me to take the analog output of a pre/pro, run it through a ADC, process it (although it is easier to design a parametric EQ in the digital domain rather than with analog filters), then run it back through a DAC before passing it on to the amp.
What we need is an "audio scaler", something which takes up to 7.1 over an HDMI connection (perhaps even bitstreams), performs the room correction and then passes the lip-synched, processed audio and video on to the receiver/processor as LPCM.
