I think at your pricepoint you may end up with a bunch of antiquated junk if you are not careful. The only way to get the latest features at that price is an AVR.
I had a Onkyo 805 for a while and it is a nice AVR with all of the most current features - bitstream D/A conversion of CD/SACD, Dolby TrueHD, DTS Master Audio, etc. and Audyssey room correction. It is also very powerful and has a very good power supply (it weighs over 50 lbs!). Just pair it up with a Oppo 980H universal player ($150 on Amazon.com) and you are good to go.
Since the 806 just came out, you should be able to find a 805 cheap ($400-$500) if you are patient. This unit does run hot so you will need fans - I used dual fans that I bought on ebay - they plug directly into the AC outlet on the back of the AVR. Very nice. You will be pleased.
I had a Onkyo 805 for a while and it is a nice AVR with all of the most current features - bitstream D/A conversion of CD/SACD, Dolby TrueHD, DTS Master Audio, etc. and Audyssey room correction. It is also very powerful and has a very good power supply (it weighs over 50 lbs!). Just pair it up with a Oppo 980H universal player ($150 on Amazon.com) and you are good to go.
Since the 806 just came out, you should be able to find a 805 cheap ($400-$500) if you are patient. This unit does run hot so you will need fans - I used dual fans that I bought on ebay - they plug directly into the AC outlet on the back of the AVR. Very nice. You will be pleased.