What's the latest word on the Emotiva UMC-1?


I just bought the Oppo 83 blu-ray player, and now see the Emotiva website says the UMC-1 processor is in initial shipping mode. At only $700, is this processor really of great quality and a bargain compared to the likes of more expensive units from Onkyo, Integra, Marantz, Rotel, etc? I'm looking to spend under $3,000. For strictly home theater use, would you go for the UMC-1 or what other product?
rxlarry99
Emotiva are state side based...Tennessee. Built offshore for savings but under strict supervision/guidance. They do repairs state side and/or replace the unit. I'm waiting for a full blown review or two concerning the umc1 and the xmc1 which is, don't quote me. supposed to offer balanced outs/ins and a hopped up phono section. Nonetheless, I'm not put off by the price at all. A friend of mine has their xpa2 and xpa3 amps. They are effortless in operation. Can't imagine wanting or needing more juice than these things put out. The amps offer balanced inputs and are built like tanks. And yes, they sound very good...far better than their price would suggest.
Is it a big deal though hat the UMC-1 is not balanced??? Is is better to wait for the XMC1???
The latest word? bug, bug, bugssssssssssss

That what I have read from used-to-be-happy-to-be-on-the-preorder-list buyer. Most of them are returning their unit.

That's what sometimes happen when ones buy from a list of written specs.
I think it is way too early to say one way or another.... Are there any official reviews out yet???
they've said only 2 units have been returned, so don't know where you're getting your information from. I've been ejoying mine for the past couple of weeks.