I've decided to upgrade from my Onkyo HTIB to an Axiom 5.1 sound system. I've already decided on the speakers I want, but I'm have trouble deciding what I will use to power them. I'm hoping to get some advice from the forum members here.

Audio Setup:
2x - M80 v2 Floorstanding Speakers
2x - QS8 v2 Surround Speakers
1x - VP150 v2 Center Channel Speaker
1x- HSU VTF-2 MK3 Subwoofer

A friend of mine recommend Emotiva Audio's UMC-1 and XPA-5.

Emotiva Audio UMC-1 Audio/Video Processor
http://emotiva.com/umc1.shtm

Emotiva Auio XPA-5 Five Channel Audio Power Amplifier
http://emotiva.com/xpa5.shtm

I tried to run a forum search to see if there were any threads relating to Emotiva's products, but nothing came up. So, my question: Is the combination of the UMC-1 and XPA-5 going to be able to power the above mentioned speakers? Or should I look elsewhere?

My budget is between $1,000-$1,500, and I need something with the following specs:
5x - HDMI inputs
3x - Component inputs
Support for legacy video inputs to be scaled and output over HDMI at up to 1080p

I'm new here.