It didn't sound that way to me while reading the tests and your opinions. It sounded like you might still be thinking this way about todays avr's as well.
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Perhaps I stepped on some Denon owner's toes.
No stepping on toes, I just happen to own a Denon and have that particular lab test bookmarked for easy access. I have seen tests of Onkyo and Yamaha's that prove the point as well.
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Some of these manufacturers play the watts game just like auto manufacturers played the horsepower game...until they got caught.
Unfortunately this still holds true, see Sony for examples. I have found that most of the more common and spoken of names, Denon, Yamaha, Onkyo etc are true to their specs throughout their respctive line ups. There have been certain models throughout the years that have come up short for some reason, usually the next years model has corrected the issue.