Pioneer seems to be cutting way down on pre outs now. For example, the $1,000 Elite SC-91 has only the 0.2 (subs). For being their top-end 7.2 receiver, that's pretty bad. My current receiver (6-year old VSX-23TXH) has pre-outs for all its 7 channels and it was at a lower price point I believe.
Ultimately one needs to invest in at least the SC-95 which is already a 9-channel which can get you 7.1.2 or 5.1.4 without external amps. Why not allow the SC-91 and other 7-channel models to have just say pre-outs for just an additional 2 channels?
In terms of deficiencies of the VSX-45, that's up to what you ultimately want. If your desire is to have 7-channel sound, you'd need an external amp. But alas, not an option. But even if you could hook up an external amp for the extra 2 channels, you have the cost of that amp and potential lack of convenience. With the Pioneer receiver I had prior to the VSX-23THX (forgot the model), it was 5 channel and I used an M-X10 to drive 2 other channels. I remember it being a package deal so got a good price (7-channel was just released and they were trying to push 5-channel inventory).
So I would say look at the either the VSX-1130-X, or VSX-90 if your desire is to have 7-channel.