More expensive than I had hoped but at least the companies products have a good reputation.
Well, as mentioned before, if you're also looking at a new TV anyway, you can let it do all the decoding and source switching and forgo the pre-pro (just make sure you get a TV with RCA analog outputs and enough HDMI inputs).
When I picked up a 32" TV for the bedroom, I narrowed the field to those with RCA analog audio outputs as I knew I'd be using it with analog powered speakers.
On the other hand if you do go with an AV pre-processor you have the option of expanding in the future. Although you may not need or want surround speakers, it would give you the option of adding a powered center speaker.
Having configured a number of systems with and without a center channel, I always got superior dialogue intelligibility with a center channel (even with really good stereo Front L/R speakers). The fact that the center channel dialogue relative volume level in the mix can be tweaked is sometimes a plus.