Oh, but you'll still need to use something as a pre-amp. You probably don't need the denon for that, unless you're going to go with a set of 4 monos or you're planning on driving the surrounds and center from the receiver instead of the amp. In which case you still need to dump a lot of power from the receiver into those.
The thing that is nice about the Denon is that it has 4 hdmi inputs, 2 hdmi outputs, 3 spdif inputs and 2 spdif outputs. I am using every single one of these. Oh yeah, it has XM radio also. Outside of the fact that it has a paltry 140W x7 channels its actually a pretty descent amp.
