What's the latest word on the Emotiva UMC-1?

Can anyone who's been interested in audio gear, for at least couple decades or so, ever remember anything like this ever happening in the audio world? I can't for the life of me ever remember an empisode ever remotely close to this ever occuring! It's quite shocking to me, really.
I mean, basically, what they should have done - in my opinion - would have been to realize they had a failure in the works, aborted the whole project, appologized to all those they had hangin around, and simply offered a great discount on their other products, to those who waited!
That to me would have at least seemed more professional and, in the long term, looked better for their rep.
Better would have been in they had not decided to even anounce such a product to begin with, before they had a finished - perfectly functioning, btw - product to begin with!
Seems like they anounced to the world that they were going to start trying to piece together this project from the get go; did so early to keep people from buying elsewhere, begun figuring out a way to get the darn thing put together (outsource?), began the process, found problems after problems - and then more problems, continued on, and then started packaging the piece, and tried to collect on it all! All the while they had try and make room for all the problems that inevitably were not going away!
Bizar...poorly planned and executed?...greedy?...bad business?...stupid decision making? Whatever.
All I can say is I don't think this kind of thing has ever happened to the degree that this project, by any other company in the history of hi-fi/audio video!
If anyone can bring up an instance that was similar, worse, or otherwise - which trumps this catastrophic failure in AV history (or 2 channel), I'd sure like to hear about it! Cuase I don't remember anything the likes of this.

I gave up and bought an Integra 9.8 and couldn't be happier. It was reconditioned b stock with 2 yr warranty for $850.

Give me the equivalent of an old Acurus Act 3, only up to date with all the latest, and I'd be happy for my movie setup! Throw in an EQ, and keep that same dynamic, clear detailed, clean sound, and I'll have another processor for a decade or so.

Well here we are folks. We are now well into the next phase of AV technology, that being 3d video on blu-ray and high def programming. And as far as the current method of interfacing this technology with an AV processor goes, HDMI 1.4 appears to be the standard method of connecting everything all up - which something like the Emotiva UMC-1 does not offer, of course!
So here this fiasco finally gets released after several years of prommised delivery, has all these troubles and functionality issues - which never really all got ironed out anyway - and we are already onto the next technology. The UMC-1 never got it all woeking, and IS ALREADY OBSOLETE!!! This HAS TO BE the greatest fiasco in the history of consumer AV! I'm sorry.
In looking back it really is hard to actually believe that this actdually went down like it did. We all waited, it came all crippled and botched up, never worked as promised, and is already passe!...history...insignificato.
Amazing.

Wow! You must have a bone to pick with Emotiva. I have little interest in HDMI 1.4...in fact 1.3 is one of the worst standards because devices just don't work well together due to the looseness of the standard. I'll be happy with 1.3 working (and almost all mfg's have problems by the way).

The UMC-1 is on it's third beta and there are still some bugs being worked out. For the $'s, if they get it fully working it's one of the bargains in the HiFi world today.

I wonder how many folks had to buy a TV with Deep Color....even though there is no content published today in deep color. How many have 1080p HDTV's and only watch HDTV over cable which is at most 1080i.

Don't get all hung up on the latest and greatest.

If you are in the market for a pre/pro you could do far worse than an Emotiva UMC-1. And for lots more $'s, you could do better.