It does appear that 7.1 content is going to be scarce, possibly very scarce. We're going to need these HDMI receivers and processors to at least provide something like PLIIx processing for all of these 5.1 sources, whether they're decoded by the player and passed as multichannel PCM or whether they're passed as bitstreams (assuming that becomes possible at some point) and decoded in the processor.
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gonk
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