Layman's take on the differences (for what it's worth): Dolby Digital and DTS are more heavily compressed than DVD-Audio, and are sampled at a lower data rate. Audio CD's are not compressed, but are at a lower sampling rate with only two channels. DVD-Audio uses a higher sampling rate (96KHz, 24 bit) and different (less) compression. That's why they need the DVD format rather than CD -- you can tuck an entire two-hour anamorphic movie at a high bit rate onto a DVD alongside a Dolby Digital and a DTS soundtrack, but DVD-Audio needs a lot more room.
Expert's take on it:
Jim Taylor's DVD FAQ has a section (3.6.1, if the direct link doesn't quite work) dealing with the format of DVD-Audio and SACD.
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950 Review [This message has been edited by gonk (edited January 09, 2004).]