I have been experiencing a problem with my sp-2.
I think there are several different issues here.
The first issue is with switching channels of any digital cable or satellite set top box. The problem is that every time you switch channels it drops the digital signal output to the SP2. This means the SP2 must begin its detection process to determine the mode of the signal it's receiving. If it's PCM, there's no problem and the sound will immediately begin. If it's Dolby Digital 2.0 or 3/2.1, it must set the volume using dialnorm. This is simply a method of reading some metadata in the bitstream and setting the dialog level in your system. It's not an error, but there will be a mute while the detection and setting is taking place.
The second issue, I do admit I have received an error now and then when switching channels, but I solved the problem by using a combination of the "digital lock" feature and the "delay" feature. I find that about one second works the best for the delay. This way, the SP2 remains in digital and doesn't revert back to analog when the channel switches, and then it waits the one second before it attempts to re-detect the new signal. seems to work pretty good.
The third issue of the repeating initialize is one I haven't experienced. It might be an anomaly. Who knows - these things are computers, and computers are flaky? It seems every revision of the SP2 firmware gets a bit better, but it ain't perfect yet...
Anyway, that's my take.
brucek