I'd like to give some input and share my setup...
after much searching I came across this mini dvi > hdmi video display converter
http://www.amazon.com/Griffin-Technology-GC17096-Display-
Converter/dp/B003CK8TZ8/ref=sr
11?ie=UTF8&s=electronics&qid=1294165573&sr=8-1
This adapter was better priced than the Moshi found at the apple store and sends both video and audio, also comes with a dvi attachment if hdmi is not needed.
From what I understand, only "late" 2010 macbook pro notebooks support audio output through the mini display port, so early 2010 and older models only support video.
My current setup is with a Macbook Pro 15" i7 late 2010 >
connected to the griffin converter (link above) through mini display port >
griffin hdmi output connected to hdmi cable >
hdmi cable connected to Yamaha receiver input >
Yamaha receiver output through hdmi >
hdmi to LG 32" LCD
I have not had any video flickering or problems with audio quality, when manually connecting it takes a few seconds for my receiver to get the signal and I'm ready to go with a high resolution output as well as hd audio output.
Depending on video and audio sources (mkv files, media players) there may be some needed tweaking to your settings.
I hope this was both helpful and informative!