It might, except you can't buy it yet - still vaporware as of 1/14/2014.
My three concerns with this are 5.1/7.1 combos, how accurate it is with the downmix coefficients, and price. The downmix coefficients can become an issue if they aren't handled right since that can lead to digital overmodulation, which just sounds bad. I even have discs where the downmix coefficient wasn't encoded properly (mastering issue). The disc plays great in multichannel but you can't listen to a stereo downmix because of that.
Dolby Digital has downmix coefficients that are difficult to work with, DTS has no downmix coefficients but usually folds-down well. TrueHD and DTS-HD MA both have robust downmix coefficients that are easy to work with in mastering.
So, this certainly would make things easier but may not be perfect - would have to try one to tell. The big question is price. If this is the same price or higher than a low-end multichannel receiver (or prepro), it probably wouldn't make much sense. All of the LEDs on the front panel are interesting - looks like the designer watched a few too many Lost In Space episodes or had extra LEDs lying around. Although, to be fair, they probably did that to save money over a monochrome LCD display.