The arcam avr 350 is the best sounding receiver I have ever heard. I used to have a denon 4306, and the arcam absolutely puts the denon to shame. This is such a great receiver I was willing to live with less features to finally have the sound I want with a receiver (I have limited rack space.)
My speakers are spendor S5e's, C5e, S3e's, sub is velodyne spl-1000r. The arcam has such a natural sound, amazing sound, you def. need to audition one, I think you will see that other receivers don't match up. The only other receiver that was in the same league was the primare SPA21 and its 4000$.
Best of luck, and you should have no regrets about arcam. Check in the arcam forum on avforums.com
Thanks,
Dan