Yeah, you are right about having to send it back for a board upgrade, and the additional cost (I dread to think)...plus just being without it for a while would be annoying.
I've seen a few mentions of a new Denon 110th anniversary 'halo product' AVR that might get released later this year. Do you think that might just be the 8500HA or could it be something entirely new
I don't think anyone can tell you more, not until it at least a launch date is known, or at least speculated. Based on ASR's measurements, the AVR-X3600H is the safest bet if 8K is not needed. I got stung by the 4K thing more than once so I am too guy shy to even think about "upgrading" to any so called 8K capable devices regardless. So right now I firmly believe the X3600H is the best.
As you know, people get all riled up by the so called poor, disappointing, blablabla... performance of the X4700H, but aside from what I have already commented on the practical meaning of those measurements, I would say the X4500H should in all likelihood measure closer to if not better than the AVR-X3600H. I have no proof other than taking an educated guess, based on the fact that the X4500H is a higher model of the basically the same generation as the X3600H that measured well. It certainly has the same HDMI board, and the HDMI board appears to be the source of the high noise of the AVR-X4700H ASR discovered in their measurements.
In that review, note that the reviewer said the following about the X4700H:
"Notice how much cleaner the FFT spectrum is. Actually, that is a lie because it looks clean because the noise floor is quite a bit higher than it should be. This is why, despite distortions being below -100 dB (which is good), our SINAD which is a combination of noise and distortion is still quite lackluster:"
So on distortions alone, it was in fact very low, -100 dB is 0.001%.
Still, I won't recommend the 2020 models, not until at least one more device has been measured, and even then I am not sure if it is a good idea to be first to upgrade to any new product that has the first generation HDMI board that comes with major changes from the generation that has been around for a few years.