For those that have both I thought I'd pass along some information. I was concerned that because there was no analog bypass anywhere to be found on the receiver that I was losing some SACD quality. So I emailed Onkyo and got prompt replies to my questions. Basically in response to asking about the analog/pcm listening mode they said: "It does not make a difference on our unit. It is a direct pass through of audio through multi-channel on our unit." So the analog/pcm listening mode that you choose will only affect regular cds it seems. So as long as you put it in multichannel mode for SACD, it will bypass everything. Just thought I would share the wealth.