Loot Ninja gets their Elite questions answerd:
"Yesterday I posted about all the questions I still had about the Xbox 360 Elite. Someone with inside sources at Microsoft from AVS Forum actually got a chance to ask all of those questions.
The 360 Elite will support HDMI 1.2, which means no Dolby Digital+ or TrueHD sound. It will support uncompressed Linear PCM, but only 2 channel. That's some BS right there. That shoots down my idea of buying one..."