It does support Dolby TrueHD. Crunchgear reports that it has HDMI 1.2 not 1.3. What's missing from the press release is any mention of support for the October requirements for BD interactivity, pip, DTSHS-MA support. It's still $1000 MSRP.
Pioneer Press Release:
http://www.pioneerelectronics.com/pna/v3/pg/press/release/detail/0,,2076_310069589_441157928,00.html
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Pioneer Press Release:
http://www.pioneerelectronics.com/pna/v3/pg/press/release/detail/0,,2076_310069589_441157928,00.html
S~