Thank you for the detailed write up. Your experiences with the AirLens are very similar to mine; the AirLens is definitely a keeper in my system.
Regarding standby: I raised this issue a few weeks ago in the beta test forum. Paul replied that the AirLens has no IR receiver so it cannot turn off remotely. Apparently there is no standby mode for this unit. It is a bit annoying to see all the blue lights go out except for one.