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
01-20-10: Ghstudio
Wrote: "user reviews are in the emotiva processors/preamps section of the forums on their site."

If there's a negative review, will emotiva leave it there?
I would be surprised!

Even if it might be fun to read, I don't give much credibily to this emotiva's fans forum.
I am on the pre order list for this unit, but had no idea when it would become available. I've owned other Emotiva products, and really like them. I have their CD player and it ist great. However, I got tired of waiting and not knowing the status, so I just purchased a used Integra DTC-9.8 processor. It offers all of the same options with the exception of the Dolbly Volume.

So if you have time to wait, I would recommend Emotiva products. They currently have a demo video on the UMC-1 on their site. Its pretty cool.
Spoke to Lonnie at Emotiva. He said they are working on final software tweaks and it should be out soon. I will hear it next month and I am looking forward to it. As far as Japanese goes. Emotiva is an OEM to some really high end components for many good companies. They are US based and designed in the US. The labor to piece together is in China. I would call them a hybrid company and for the dollar they are really tough to compete with.

Jury is out on the internal bass management. I believe Audyssey is a bit more thorough. I hope it is good enough to facilitate room correction for many subs.
Any 2 channels guys happy with their performance of their preamp but want to run this bad boy thru a imput for HT only??