chunkYE I have that receiver and have had no problems at all with it. The ONLY 'complaint' I have so far is that when I want to set the input from my DVD to multichannel (for SACD and DVD-A) I have to get up and press a button on the front of the receiver. I have not been able to find a button on the remote that does the same thing. I will want to upgrade, but that has to do with a disease I have (upgrade-itis) more than an actual (VS perceived) need to upgrade!
BigWill is right. The remotes are the same for the 701 and 601. I have the 601 and it can get pretty warm. I've never had it get two hot to touch, but I only have M22s (and vp150 and QS8s). He is also right about the need for ventilation. If you are running the M80s I can imaging that the 601 will get toasty (but will perform without a glitch).
Did you read the article that tleigh linked? They said that the 601 did quite well with the M80s.