I recently made a full upgrade of my HT: 56'' 1080P HDTV, HD-DVD player, HD cable, new generation consoles PS3, Xbox360 and new video card on my HTPC to support HDCP DVI.
To combat this onslaught of HDMI connections (4 total, since Xbox only has components) I bought a 4x1 HDMI switch from Monoprice. However, I face a shortage of digital audio inputs on my current receives (a 1.5 year old Yamaha RX-V450) since I can not process audio via HDMI and all my optical/coaxical inputs are taken.
So, do I upgrade my relatively new receiver just to gain HDMI for audio processing? Do I have to buy receiver with 4x1 HDMI switch or can I continue using Monoprice switch with new receiver? What would you suggest?
Also, from all new receivers I really like new Onkyo lineup but am struggling in choosing between 605 and 705 series (805 is way too big for my HT room). It seems, that functionally these receivers are identical and the differences mainly lie in the amplifier design. Is it worth $300 extra for THX certification and slightly more power?
Appreciate your responses.