I've always thought 8.1 (or possibly 8.2) is all that's needed. If you place the viewer at the centre of a square, and have four speakers, one at each corner, and another four speakers, one at the mid-point of each line, plus one (or two) subwoofers, then wouldn't you have it all covered? I understand about the thing where the brain places sound directly behind you as in front, but the left and right rears of this proposed setup could take some of that sound information too, thereby negating that weird brain phenomenon. I dunno. Seems like it'd be perfect. But heck, I just started this hobby; maybe I'm spouting silliness and don't even know it.
FL----FC----FR
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SL----me----SR
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RL----RC----RR
Yes, no, maybe? But then again, there's that pesky need for dialogue to be "lifted", so I dunno.
cheers,
supervij