Originally Posted by Gene DellaSala
I am not 100% convinced that there won't be some loss in the process of transcoding in the player.
Since I don't own either of the components you wrote about, I cannot say for sure. I can say for sure that I have experimented with the gear that I own, and there is absolutely no audible difference between the processor decoding bitstreamed TrueHD/DTSMA or the processor decoding LPCM that has been transcoded by my player.
Until I can verify with measurements that all BD players can perfectly transcode to PCM data, we can't simply ignore the potential losses.
Yes, but until then you should caveat that you don't actually know if there are any "potential losses."
By less seamless, I meant since the processor doesn't handle 192kHz via the HDMI inputs. The ideal solution in my mind is a single cable connection between the BD player and processor that enables the processor to do all of the audio decoding of all formats at all sampling rates and bit depths.
That is indeed an ideal, but it is one that seems to be elusive. There are myriad components and combinations that have exception/caveat lists a mile long. Processor X doesn't fully support this, Player Y doesn't fully support that, plug this player into that processor and Z doesn't work, and on and on. By the time full support of everything becomes ubiquitous, technology will have moved on and we'll have a fresh set of incompatibilities to deal with.
In the meantime, it does appear that you are, as The Bland said, "picking nits." The target market for the Lexicon player and processor is, from what I've read here, clueless rubes with endless supplies of money who are buying fully-integrated systems from custom installers. The rebadged-Oppo/Lexicon player and Lexicon processor combination will give those customers high resolution audio regardless of whether the source material is PCM, TrueHD, or DTSMA, and the installer will be able to set up BM, digital delay, room correction, and other post-processing like Logic7. I would expect that a competent installer would set it up to be totally seamless, so that the clueless user would have to do nothing more than put a disc in and push play.