Thank you for the prompt reply. Much appreciated. I will not be using the AV Receiver with a gaming console (slight chance I might use it with my PC). I intend to use it with my TV (LG OLED55C1 which is eARC enabled). I am hoping to pass the audio out through the receiver to some ELAC towers (with Atmos enabled speakers), center channel speakers and a sub. Same thing goes for my Pioneer turn table.
My question is really geared towards the TV: Since the TV supports eARC, but the receiver doesn't, will I have issues with Atmos ? (I'm excluding streaming services such as Amazon Prime, Netflix, etc., as my understanding is that Atmos is somehow included in the stream) . In my research, I believe I'd also have issues with any 4K/8K Blueray players, as the Onkyo TX-NR696 won't be able to reproduce Atmos as well. I'm really hoping for a firmware update on the Onkyo TX-NR696 at this point, but I won't hold my breath. If they haven't done it by now, it's not likely to happen i guess...)