I happen to work for Telos, and we just went to the Radio & Records Convention in LA with a demonstration of the Fraunhofer tech. It sounds so great... people were blown away by it. The principles of our companies are really into 5.1, and they think this is the thing that might just save FM.
There are a couple of competing 5.1 FM systems being promoted, including one by SRS (the Circle Surround guys), but the Fraunhofer system is the ONLY one that's actually capable of delivering discrete 5.1 to the listener.
If you want to read some more about it, our guys wrote some papers about it. Here are the links:
http://www.telos-systems.com/news/Telos061604.pdf
http://www.telos-systems.com/techtalk/HDSurround03.pdf
http://www.omniaaudio.com/tech/field_of_dreams.pdf
Clark