Do you have a 24/96 DAC? If so, it's possible that you might be streaming high res over Airfoil. Problem is, I've never been able to find out the exact streaming capabilities of Airfoil in order to find out.
I'm using the demo of Pure Music, streaming via Airfoil to Apple TV (V2). My DAC (Peachtree Audio Decco) converts at 16/44.1, so it's kind of a moot issue for me. But I am interested in knowing, for the future, what the streaming capabilities are of Airfoil/Airtunes/ATV/AEX.