The fully featured UMC-1 is an audiophile grade pre amp, multi-channel digital processor and AM/FM tuner, and is a breakthrough in performance and technology. An extensive and truly useful feature set, intuitive control interface and unparalleled sound quality, coupled with precision video processing and signal management, will redefine your home theater experience. The UMC-1 uses twin Cirrus 32 bit dual core DSP’s for un compromised high resolution HD audio decoding and signal management.
Owned mine since May '10, yes there were some initial firmware based issues but the company has been working hard on updates and revisions to correct any and all issues. I don't think that there is anything in this price range to compare for both video processing and audio, in fact I believe that one would have to double and triple what you pay for the UMC-1 to get the same quality. Now in November with the latest update and it just keeps getting better. I would definately buy again and recommend to family and friends. Emotiva's customer service is 2nd to none, the even sent us out new upgraded remotes for free.
I am one of the first few to receive this unit. I have only had it for a week. But so far it's performing beautifully. There are a few minor firmware problems for which the revisions are due to be shipped next week. You may wish to read more of my experiences with this product and see the progress here:
For the money I don't think there will be anything else on the market that can touch this.