I just purchased a Onkyo 604 receiver over the one their lower model for this exact reason. In retrospect, i dont think it's worth the extra $100 i paid. There is nothing that limits the quality of video over component EXCEPT for the copyright laws, thus HDMI. Have you considered a switcher from monoprice.com?
I found irritating to learn that current receivers only support 5.1 via hdmi. I would hold off the hdmi till ver1.3 (&7.1) is supported via receivers.

Last edited by watsonusn; 02/13/07 10:33 PM.