Yes, it's the full version of Dirac Live that comes with the Arcam so you can do anything like modify any target curves, group speakers together to be eq'ed the same, and adjust curtains (frequency range to start/stop eq) for each speaker . You really can "have it your way" whether you like your frequency response to look like a mountain range, or flat as a ruler.
The process is very different then Audyssey. The software is run on a Mac or PC. The microphone plugs into your computer and it connects to the AVR through your network. Then, the calculations are made with a combination of your computer and Dirac's servers. You should use the Umik-1 to take the measurements as it's Dirac's recommended mic. If you're crazy like me, you would get one from Cross Spectrum Labs that's been calibrated down to 5hz vs 20hz for the standard one. Compare that to the toy mic that Audessey uses and their dependence on the little processing power of the AVR to create the filters.
I went with the Arcam because it's the only reasonably priced AV receiver with both Dirac and Atmos. I also like their approach of just focusing on audio quality above anything else, instead of adding 100 features that no one really uses. It has a massive and very heavy toroidal transformer and 2 big 15,000uf capacitors (in addition to a bunch of smaller capacitors).
They also list all 7 channels driven (with extremely low distortion) as a spec, which is virtually unheard of for an AVR. They don't put any filters in the signal path like Denon, Yamaha and the rest of them. So you'll get the little speaker pops when the audio signal is first received. No big deal for me.
The two units have only been out for a few months and there have been some bugs. I'm not concerned at all because the warranty is 5 years. They're also working on a firmware update to add Dirac to the height channels. Right now it only sets the delays and levels for them. I've also been told that they're working to add a second slot for Dirac in the receiver. This allows you to load and then switch between 2 completely different calibrations at any time.
Even though the Arcam is probably more then enough, I power the fronts with a external amp for a number of reasons: 1. Because I'm a huge fan of overkill and never want my equipment to get close to its limits 2. I'll keep it hopefully for 10-20 years 3. I want a lot of headroom because I listen fairly loud and it may also be needed when Dirac is boosting a large dip (5-10db).
I went with an Anthem amp after comparing and researching options for a long time. I liked that it has really good specs along with terrific performance, is made in Canada, uses high quality components and capacitors, is an excellent design, has extremely good build quality, it also looks nice both inside and out imho, and it has been certified for safety and performance by an independent laboratory, unlike Emotiva and some other manufacturers that have zero safety/performance certifications. I know most people probably don't care about UL or equivalent listings, but I do, especially on products in my home that get hot and can pull 1500 watts. $10 electrical products are UL listed, there's simply no excuse for not getting the certification.