I have a 5.1 system right now and was going to purchase a 7 Channel Amp (Emotiva IPS-1). With the 2 Channels remaining, I was going to bi-amp the m60's.

As for upgrading my current system, I'm going to wait for the HD/BD fight to end or for cheaper DVD Players from one or the other.

Right now I connect my DVD Player and Cable straight to the TV and both have their own upconverting capabilities.

I figure that a new AVR will set me back around $1000, but a new amp will put me back around $700.

Receiver: Yamaha RX-V2200
Main: Axiom m80
CC: Axiom VP150
Surround: Axiom QS8
Sub: SVS PC13-Ultra