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DesignTechnica has posted part 1 of their CEDIA coverage



We are just starting to see new high-end audio products starting to include HDMI connectivity. However, one has to be careful about HDMI at this time. Those products that currently include HDMI only pass 2.0 digital audio and not full-blown 5.1 audio, which include A/V Receivers and DVD players/recorders. Presently, only two manufacturers have announced A/V Receiver products with 5.1 audio HDMI switching capabilities – Denon and Pioneer. Others will follow in 2005.

HDMI, which was conceived as the successor to DVI, for the passage of digital video signals has the capability to carry uncompressed digital audio and video signals through the use of one connector. This means that it has the capability to bypass digital audio connectors – coax and optical (TosLink) and 1394. HDMI connectors, which have started appearing on DVD players, will show up on more A/V Receiver products in 2005. Potential buyers will have to ascertain if it passes 2.0 digital audio or 5.1. Digital audio. HDMI has the capability to carry all digital audio signals including Dolby Digital, DTS, DVD-Audio and SACD via one connector plus full-blown HDTV signals. 2005 versions of satellite and cable HD Receivers will most likely include 5.1 audio HDMI capabilities. As a side note, instead of including 1394 to pass high definition signals to recording devices, these companies may include integrated PVRs.
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