And now back to the topic of the thread... the BDP-S350!
jlangner - Did you ever get the bitstreaming working properly? Was it just a setup issue in your receiver? This would be a deal breaker for many if the bitstreaming didn't work correctly with a newer receiver.
Does anyone have additional pictures, maybe of the back panel? I assume it really is just 2.0 analog, but do we have confirmation that it isn't 5.1 like was originally thought?