My last receiver was a Yamaha rvx-2095 and was and still is a great receiver 5.1(sold on ebay for $580.00 cad), great sounding with Mission 700 speakers all around, I upgraded to the Denon 4308ci and klipsch all aroud and sounds very good, the two sounded diferent the yamaha maybe more dinamic, the denon is more "relaxed", but none of this receivers are entry level. One thing, the remotes on this units plain and simple suck as a universal remote, so put aside $200.00+ for a universal remote, I chose the denon over the Yamaha because of the wireless network, hdmi 1.3a, DTS-MA (yes not all receivers can do the DTS-MA 7.1), the Onkyo has had too many issues with hdmi...if you do not want to spend this much money look in to the Pioneer Elite receivers, for the money they are some of the best out there, in the end if you want a receiver to do all the new formats it is going to cost you $$$, and the only BD player capable of all the new audio formats is the Pioneer elite bdp-95fd, trust me been there, done that.
my $.02