Anthem AVM 30 or Emotiva UMC-1

I currently own an Anthem AVM-30 which I use primarily for home theater. I have a separate two channel system. My issue is that I am tired of manually pushing the two separate 3-HDMI switches that I have for the 5 following pieces of equipment. (Sony Play Station 3, Oppo BDP-83SE, Verizon FIOS, Apple Mac Mini and D-Link Boxee). I heard that the Emotiva sells direct and was wondering if it is a myth that the $699 UMC-1 is equivalent to the $2999 AVM 30. Also, one of my primary reasons for switching is that I can do away with the two HDMI switch boxes and simply use the inputs on the UMC-1. Unfortunately, I will have to get new S/E cables or adapters instead of balanced cables. Am I missing anything important?