I just signed up for a trial for DirecTV now. I'm on the $50 2nd tier bundle right now to get a few extra sports channels. So far so good and I seriously think I'm going to cut the cord next week. Only bummer is I'll probably lose some of the initial savings outfitting a few more 4th Gen AppleTVs but it will be over $100 less than my current cable bill. I'll lose DVR functionality but so much is available on the apps now or I'll wait for a show to arrive on Netflix instead. I feel like I'm already gravitating towards Netflix and HBO for shows any way. Regarding audio, yes, its 2.0 channel from what I can see. A little bit of a bummer but it won't make a difference on the living room TV and for the home theater, I'll use "pro-logic" for the time being until maybe it will eventually support true 5.1.