I just read found this link by researching the upcoming Oppo universal Blu-ray that is capable of playing SACD. I wanted to add a couple of thoughts, because as Soundboy mentions above, there is significant misinformation in this thread. Actually, reread the things that Soundboy said because they are right on the money.
SACD is fundamentally different from redbook CD or DVD-A in that data are transmitted in SACD as DSD (1 bit of information, i.e., higher or lower than the preceeding input value - but at 64x the rate of CD) rather than analog LPCM. According to Robert Harley of The Absolute Sound, "The advantage of maintaining a DSD bitstream to the DACs, and converting DSD to analog, is that the signal is never subjected to the low-pass reconstruction filter required in conversion of PCM to analog. This filter is a significant contributor to what we call "CD sound" (hard timbres, flat soundstage, for examples)."
That being said, transmitting digital data at 2.8 Mhz requires 100Khz of bandwidth, which couldn't be achieved until HDMI 1.2 came along. However, it is erroneous to assume that just because a SACD player can transmit through HDMI that it will be DSD; in fact, the majority of players will still convert to analog (LPCM) before it enters the preamplifier. Even if the preamplifier can receive a native DSD signal via HDMI, this isn't necessarily the best of all worlds due to significant jitter problems associated with HDMI (the audio clock on HDMI is derived from the video clock, hence the bulk of players using HDMI as a transmission medium have considerable jitter). Jitter can also influence sound negatively as well.
Lastly, a DSD signal can not be altered in any way by the preamplifier (bass management, room correction, etc) until it is converted to LPCM - and some prefer the sound converted to LPCM over DSD anyhow (look into some Stereophile reviews of various SACD players).
There are currently 5300 SACDs on the market, and more are coming out every week. I wouldn't throw in the towel yet - especially since lossless audio via Bluray hasn't taken off (yet? ever?)