As far as real world conditions are concerned, you are probably right, but because of the honesty, that's WHY I would buy a NAD or HK. No matter what JohnK or the national people that allow such "all channels driven" power ratings to be printed when they are false or not proven say, I like to be told the truth as much as possible as a consumer. Unfortunately, I cannot afford NAD or HK at this time. So although Denon is "lying" to me, they'll still get my business cause I'm poor.