Jim,
You never NEED the AP74. It makes things easier, but it doesn't really enable anything except mode pre-select.
If you're happy pressing a few buttons on the EFIS to turn the AP on and off, then no AP74 is needed.
The HS34 is pretty independent. It gets data into the EFIS, which the AP can use to fly. If the knob on the HS34 changes the heading and the AP is on, it will follow that.
We'll have some info on our website in a few days. Kitplanes doesn't technically show up at people's doors for a few days, so we weren't quite expecting the information to be out quite yet.
Frank,
There will be a more expensive control panel in the future that allows full coupled approaches. This gives you more buttons, and will enable things such as "fly heading X at Y altitude until intercepting the ILS".
You really need these buttons to have the right interface. Yes, it's "just" software that enables the additional functions, but all of TT's and Trio's higher models are "just" software as well. The new module will be called the AP76, is the same size as the HS34/AP74, and will be $1500. If you have an AP74, you will be able to upgrade to the AP76 for the price difference. The AP76 will not be shipping until later this year.