The THX cinema crossover, is just that - a crossover, designed to match the THX Approved screen channel speaker systems made by companies such as JBL, EV etc. The unit also incorporates some screen loss HF compensation and the newer digital unit also offers some EQ etc. Final EQ and calibration follows all SMPTE standards.
In general, the THX Theater Certification program focuses on the complete design of the theater, both sound & picture. THX attempts to ensure that the theater achieves certain baseline standards for such things as isolation, background noise, SPL, monitoring angle, response, coverage, seating / viewing angles, light level on screen, etc. These standards are well understood and are fully compliant with SMPTE and other industry recognized standards.
More information can be found here:
http://thx.com/mod/services/cinemaServices.html
I hope that helps...
Cheers!