I too am going to wait on the object based codecs until I see them become mainstream. One of the questions I have is how a room correction scheme will deal with a sound field specifically designed to place sounds where speakers don't necessarily exist. I would think that if the engineers place a sound directly in front of the screen they would have to employ some sort of "phantom" effect to get it there. Since the specs don't actually say exactly where to set your overhead speakers I would think there will be some wiggle room where the sound comes from. Of course this could be affected with how the speaker setup algorithm sets distance and delays.
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Music system
Model 990/7500/Magnepan 1.6 QRs/Technics SL1200 MK2/Aperion S-12 Subwoofer/OWA3/Sony NS75H DVD
APC H15 Power Conditioner

TV System
Large Advent Loudspeakers/ Polk center/Monoprice surrounds/Panasonic Viera 42 inch/Onkyo HT-RC260/Sony BDP S590/Directv


Home Theater System
Onkyo PR-SC886/Outlaw 7125 Klipsch RF-82 L/R,RC-62 center, RB-35 SR/SL, BENQ HT1075, Outlaw LFM1-EX/OPPO BDP-83/Directv
Harmony ONE
Blue Jeans and Monoprice interconnects
APC H15 Power Conditioner