You named it correctly, Emperor's new clothes
Depending on flexibility, you can get excellent receivers for less, Yam 2600 or Denon equivalents, and you also have amps in them, even if you happen to add external ones in the future.
However after reading so many threads, I sometimes wonder whether I really hear a difference or I just think I do, because my brain and ears want to justify my purchase.
Yes, that is the most likely outcome.
My friends all love the way my system sounds, and know it sounds better than theirs, but can't really hear the small differences with each upgrade.
Well, it is really not a fair comparison for your friends either as the two systems are in a different acoustic space and, most likely have different speakers that sound different. But, humans tend to be impressed and look for changes, hence, the 'sounds different' feedback.
I know one thing I will need with it is a Multi channel Power amp, I have been thinking Rotel.
Or, Behringer A500 for a lot less?