OK, so you had to hard reset the unit then. I didn't go that far. I assumed it be more trouble then it was worth (initaly), that is why I was tring the Telnet deal and got stumped there too. Then it was too late in the night and I cut my losses.
So you answered my question, in order to see the mode on the power LED, I would have had to do a HARD RESET.
I'll post back here once I get time to try the S/Pdif and analog out at the same time.