@dakkon: I found a local NAD dealer, went by and listened to the T747. It sounded awesome. It seems most of the NAD folks are all about two channel stereo. HDMI is a requirment for me. My main focus is Home Theater. Without all the data (video and sound) going through one device you get lipsync issues. When I set my DVD output to 24p, the audio and video get so out of sync the movie is no longer watchable. Running everything through one piece of gear fixes all that.

As to separates, I'd prefer those, but the prices were out of what I wanted to spend. The T775 I was looking at sells for $3k, so the refurbed separates might be an option.

Thank to everyone for the great advice. I've about talked myself out of the Japanese AVRs and hope to step up to the next level.