Lets try again with a little basic electrical math (no fun at all of course).
True RMS power equals [(peak voltage swing times .707) squared] divided by load resistance. For example, a Fet Valve 350EXR swings about plus and minus 66 volts into 8 ohms (both channels driven). The RMS power then is (65 x .707) squared, quantity divided by eight equals 272 watts per channel into 8 ohms, both channels driven. Current equals RMS voltage divided by load resistance which equals about 5.8 amps of current thru ...
Not arguing with your math, Frank, but I don't think it works quite that way.
My lab experience with multi-channel receivers is hardly extensive, but I did have a few facing the works. And in all instances, they did deliver their rated power outputs in classic terms into 8 ohm loads in the usual FTC manner, you know, xx watts into 8 ohms, 20Hz-20kHz, at rated distortion or below. They delivered into 6 ohms as specified as well, probably because of the THX rating requirements. One was rated at 100W/8ohms, and it delivered +/-40V.
What did also happen is that as the load was reduced in value, so the power went down in absolute terms, a sure-fire sign of the power supply being taxed over its capabilities and/or the output stages choking.
Ideally, I should have got 100/133/200W into 8/6/4 ohms, but what I actually got was 101/128/156W into 8/6/4 ohms. This was an older model, so it had only five channels, but all of them held up to this, give or take a watt or two. Since it was rated at 110W/6 ohms, I can only conclude that they fully and truthfully adhered to their own specs.
Only one stuck out, a NAD product. I forgot the actual numbers, but the point was that it surpassed its specs by quite a margin, one I wouldn't normally expect to find in HT gear at that price point.
This is not to say your logic is all wrong, simply to point out that, as ever, not all gear is created the same, not all manufacturers use skewed logic.
Regarding your comments on marketing, and in particular on percieved value, I can only agree completely. With sadness, I must add, because here we have a
bona fide term taken from economic theory and distorted to no end. So very "in" these days.
Lastly, regarding your comments on woofer size, I think you should be a little more flexible. As I'm sure you know, these days the panacea for bass delivery is to stick in two 6, 6.5 or at best, 7 inch woofers in parallel. While this does work if done properly, even a short form inspection of the quality of the drivers typically used in mass produced speakers will show two things, at least in very general terms: 1) those small drivers are usually dirt cheap, dinky little things you'd never dream of using anywhere else beside sound reinforcing your toilet, and 2) at 10" and above, most (but not all) even semi-serious driver manufacturers actually start working and producing semi-decent drivers at worst. I can only assume it's because the demand for 10" and larger drivers is so much below the demand for smaller units that it's becoming harder and harder to sell them if too poorly done.
Cheers,
DVV