HERE is a link to the AVS thread dedicated to firmware issues/updates with the 885/9.5 and the other Onkyo/Integra receivers.
Here are the instructions on how to check your firmware from that page:
Check Your existing Main firmware version:
=> Turn on Your unit, push & hold "Display", press "Standby", release buttons
=> To see additional firmware infos (DSPs etc) press button underneath "Tone" repeatedly ( don't wait to long)
Onkyo / Integra have told us, that these updates should not be installed if Your current firmware to start with for 905 / 8.8 is below 1.05 or 875 / 9.8 / 885 is below 1.04 (same seems to hold true for the 805/7.8).
I'm not sold that this issue is with your 885 unless you have one of the pre 1.4 firmware versions. There is a very long thread on the 885 on AVS also and most of the "drop" issues were audio related when changing channels with dolby endcoded sound. The old firmware would take severals seconds to lock on.
I've had mine for over a year now and I have done all the firmware updates and have had good luck with this unit. I have a few questions that may help figure out where the problem is coming from.
What are you using for a display? What is the source you were using when the drop occured? Does it do it with other sources or just that one? Did you try a different HDMI cable?