I guess Pioneer had to do *something* with the brand. However, "selling out" is just as likely the perception that will result, as salepersons everywhere will now have to explain that the new LCD Elite TVs aren't in the same league as discontinued Elite TVs, and that Pioneer only licensed the name, having zero tech experience to share here.
The irony of it is that Sharp is THE true "pioneer" in LCD screen technology, yet has largely remained as a second- or third-grade brand tier for TVs.