Emotiva posted this to its main web page:
The name has changed, but the product is the same...the UMC-1, featuring full HDMI 1.3 compatibility, is in preproduction, and is scheduled for release in early summer.
The date confirms their forum posting.
From an announcement thread posting
The LMC-2, will now be called the UMC-1 (Ultra Media Controller). The MMC-2 willed be called the XMC-1, and so on. ... At some point in the not too far future, there will be a third 'Pro' level, but there are no specifics on that just yet. This is a note to those of you waiting on a DMC-2. There will be a higher level processor at some point, but at this moment, that is an unknown entity. The UMC-1 and XMC-1 are going to cover a lot of bases, and something beyond those 2 units will need time to emerge.
The XMC-1 is newly announced. Dan G described it in the UMC-1 and XMC-1 thread
The XMC-1 will have (as of planning right now) have 6 HDMI inputs, and hopefully 2 HDMI outs. This is not set in stone, as it is a big cost factor, but that is what is hoped... The XMC-1 will have upgraded audio and video paths, and a higher processing speed, but the feature sets between the two units will be very similar.
and later confirmed balanced outputs for the XMC-1:
Yes, the X series will have balanced in/outs.
Pricing continues at $699 for the UMC-1, and is expected to be $999 for the XMC-1
we are hoping to keep the price for the XMC at the predicted $999
No launch date I can find on the XMC-1 as yet.