brj,
The digital receivers that you mention are NOT fully digital from source to speaker.
They take the digital input from you source and do a D/A conversion inside the amp, then then convert it that analong signal to a digital to be amplified (Class D or Class T style), and then the amplified digital signal is filtered to recover the analog signal to be fed to your speakers.
To my knowledge, there are no "fully digital" amplifiers....yet
-Vinnie
ToddSTS is correct - the Equibit chipset as used in the Panny receivers (and an earlier variant in the Tact stuff) is basically as close to a 'fully digital amplifier' as is possible with PCM data. The modulator directly maps the input PCM digital signal to an output PWM modulated signal without any conventional D/A stage present. As a necessary consequence, the Equibit units operate completely open-loop with no feedback whatsoever. (since there is never any analog signal present against which to reference the output)
Of course, many folks will dispute whether the PWM signal is digital, and would argue that the PCM->PWM conversion is a form of D->A conversion, but IMHO that's splitting hairs.
FWIW, this is why it's a bit tough to compare say the T-Amp with an XR-45, as you'd have to pair the T-Amp up with at least a DAC, which makes a one-to-one comparison meaningless.