You may want to read the "Why you don't need HDMI 1.3" thread over at AVS: http://www.avsforum.com/avs-vb/showthread.php?t=789994

When building my new home theater over the past year, my frustrations with HDMI and constant new digital standards led me to rebel by purchasing a two-channel system, with all analog audio and no A/V receiver. All of my video sources connect directly to my HDTV, so I have no need for a receiver with the latest and greatest processing. Unfortunately, HDMI is required from new HD Players, but it really does not matter to me if the HD Player offers only HDMI 1.1 or HDMI 1.2a, seeing as there are no HDTV's on the market that offer Deep Colour. In my opinion, HDMI 1.3 is marketing hype for the next 2 years, there's no reason to buy into this nonsense as you'll never be future proof in any case.