Outlaw has said that they plan to replace the 1050 at some point, but it's probably not going to happen very soon (I'd guess late this year would be the earliest, but it's just a guess).
The age of the 1050 really boils down to one thing. It lacks the newest formats -- Pro Logic II and DTS:ES. The Surround 6.1 is very comparable to Dolby EX, which is why I don't list it as missing. (For that matter, if you aren't in a position to move beyond a 5.1 speaker arrangement, the only real question is whether or not you need Pro Logic II.) The receiver's sound is still highly regarded by most users, and you will see quite a few recent owners of 1050's who will tell you that they bought it because they wanted a good sounding receiver.
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