Yup thats it..

Here is Yamaha's definition of Presence. I got this directly in the manual.

"Presence speakers supplement the sound from the front speakers with extra ambient effects produced by CINEMA DSP. These effects include sounds that filmmakers intend to locate a little farther back behind the screen in order to create more theater-like ambience. Place these speakers at the front of the room about 0.5 - 1m outside the front speakers, facing slightly inwards, and about 1.8m above the floor"

I also didn't know the what Presence means until I got my RX-V1400. It will be interesting having 10 speakers. The drawback is my wallet will be lighter.