ratpack, I own the 702 (run the front channels through my HK amp) and love it! You can see my setup and details in my sig. I bought the 702 when the 703 was released because the price was right and I don't need or care about iPod and XM. I also read today that HDMI 1.2a is being released. That's 4 updates in what, 2 years roughly? You couldn't pay me enough to get a receiver with HDMI switching. I'll stick with an external switch when I am forced to do so, even though if I had the cash to throw around I would get the Onkyo TX NR-1000 *drool* with the upgradeable boards. It’s the only solution I see to HDMI upgrades.