George, I understand your position - especially in light of your current, very impressive 2 channel system - but I have to start somewhere! I have officially given up on the idea that I can buy the "perfect" system up front. I'm now resigned to a certain level of system iteration.
bhobba, I haven't ruled out the Panny, especially in modded form, but the more I consider my options, the more I'm convinced that I need the receiver to have pre-amp outputs. Eventually, the receiver will be cut out of the s ...
Hi Brian,
Couple thoughts:
You could easily start with the Sherwood NewCastle R-865 (which is exactly the same "processing and preamp" wise as the P-965, except you get the 7 amps onboard. (retail $1500)
The two channel performance of the R-865 is probably as good as you'll find in the Receivers of that price bracket.
This would give you a nice upgrade path of adding a good stereo amp, and 2 channel preamp with the lowest cost.
I wouldn't worry about HDMI switching, and buy a much better "outboard unit, when and if you need it, rather than send it through a mid-priced receiver.
I doubt the Panny Preamp is as good, but I haven't compared. The Sherwood NC and the Harman Kardon are generally considered "reasonably good" in the AV reciever pre-amp realm.
Then when you upgrade/add a higher quality 2 channel preamp and amp, you still have 5 channels of amplification in the Sherwood at your disposal.
The R-865 does have many of your wish list, including some "equalization" features, and bass management down to 40Hz.
As a dealer of Denon, Harman Kardon, Pioneer, Sherwood NewCastle, Panasonic, JVC, Kenwood, and several others, it is the one I have in my system.
But one "caveat". Do not go below the R-865. They are just not in the same league. It is a "steep cliff" drop off, (performance wise) under that model.