From the following, it seems to me that EMI is going the DVD-Audio route and not SACD:
EMI Announces 2nd Round of DVD-Audio Titles - 03/01/02
EMI/Capital Records will release four new DVD-Audio titles on June 18, 2002. Each title will be re-mixed from original multi-track master tapes for 96 kHz/24 bit PCM surround and will include videos, bios, discography, photo galleries plus more.
Each title will allow a listener to browse the artists' bio, photo gallery and track credits without playback interruption. Also included on the disc are 5.1 surround mixes in DTS and Dolby Digital formats, so the 31 million owners of DVD-Video players can also enjoy the surround remixes.
The four titles are:
Richard Thompson: RUMOUR AND SIGH
Released originally in 1991, this eclectic collection reflects Thompson's roots in British folk as well as his interest in more contemporary forms, including high-energy rockers with an echo or two of punk. A triple-threat performer, Thompson runs the gamut from introspective finger-picked acoustic to slashing electric guitar, and delivers his own dark lyrics in a world-weary but emotionally intense baritone. In Rolling Stone Ira Robbins lauds "RUMOUR AND SIGH" for its "typically fascinating wordplay and striking melodies," while Mark Deming recommends it as "the best album for those wanting to sample Thompson's work for the first time" in the All-Music Guide.
Crowded House: CROWDED HOUSE
The debut album by a band about to build a loyal and enduring following, "CROWDED HOUSE" highlights the exuberant personality, sometimes ironic imagery, and hook-ridden songwriting of Neil Finn. Lauded by CDNow as "one of the best pop albums" of 1986, it's a good-time romp through such hits as "Don't Dream It's Over" and "Something So Strong" and other memorable tracks, to the tune of jangly guitars, pub-style accordion, and raggedy, sing-along harmonies. In assessing the energetic interaction between this music and Finn's frequently mordant lyrics, Chris Willman concluded in Rolling Stone that "rarely has any modern music sounded so cheerful and so creepy. ... It's great, nervous pop."
Queensryche: EMPIRE
Few bands straddled the chasm between metal, prog, and stadium rock with the attitude and sheer musical authority that Queensryche possessed. Their power is evident throughout "EMPIRE," whose release broke the band to wider audiences in 1990. With its compelling combination of soaring vocals, synthesizer stabs, searing synchronized guitars, and pounding rhythms, "EMPIRE" chalked up more than two million sales and inspired critical raves. For Leslie Holdom, writing for Launch.com, it all comes down to this: "Wow. This is an excellent record. ... A keeper."
Bonnie Raitt: NICK OF TIME
Like "EMPIRE", this release marked the elevation of a major artist from cult status into the stratosphere of mainstream acceptance. With more than four million copies sold since its appearance in 1989, "NICK OF TIME" infuses a collection of pop-friendly songs, including the infectious "Thing Called Love," with the rough-edged, expressive style that had already established Raitt as a blues legend in the making. This formula -- accessible, catchy material, plus soulful, no-holds-barred delivery -- has distinguished all of her subsequent releases, but it was "NICK OF TIME" that set Raitt on that path in the first place.
http://www.digitalaudioguide.com/news/030102_emi.htm