Believe me, I thought long and hard about this. I was a seperates die hard, but you know what, I don't need amps and pre pros and all the wiring that was involved. I just swapped out my seperates for the Onkyo yesterday. The pile of cables was REALLY ALARMING. I mean huge. Component, Svideo, analog patch cords, it was an eyeopener. My new rig is cleaner and neater and sounds just as good. I don't really care about the new codecs unless Blu Ray develops as a music format. I DO think the blu ray picture is stunning and that is what I like about it. Most of the movies I watch are dramas and comedies where the sound isn't all that. If I was into big action flicks I think the codecs might be worth digging into.
Bottom line? The Onkyo is better in performance than the old Lexicon. These are my subjective opinions, of course. Is it better than a new Lexi? Gosh, I don't know, nor could I afford one even if I wanted to. If I got rich I would love boutique exotique gear but until then I am just a lil' audioholic making his way as best he can. Frankly I'm tired of swapping gear and trying "used/old/affordable" stuff that has quirks and glitches. I'm happy with the new Onkyo. I will be selling off my Parasound 3x200w. I am happily inserted into the audio matrix. Happy as a clam!
Re: S. Foggs update........it allowed me to listen to HiRez musik through the Lexi. And then later BluRay...............but you know what............HDMI just blows all that out of the water.