CircuitCity.com has the Onkyo TX-SR605 7.1 Channel Home Theater Receiver (Silver) on sale for $430 - 10% off $199 purchases [Exp 8/31] = $387 with free shipping. [BizRate]
90 Watts per Channel to 7 Channel Surround, AM/FM Radio Tuner
Preprogrammed Remote Control, iPod playthrough option, XM Ready, HDMI
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I'd buy this if it were a Sony product.
sony sucks ballz
Hell I'd buy it because its NOT a Sony product.
Anything from Sony has a rootkit embedded in it.
anything from sony is a sony baconnaise product
For full support of all the HD audio formats, you will want to get the TX-SR705.
After having used Sony and Onkyo, I'd say performance and quality are about equal. The difference would be price. You will spend more for the Sony brand.