No, 95 watts per channel is what it can produce and the specs will say how many channels can be driven simultaneously at that wattage. Yamaha is like most of the other receiver manufacturers and states '2 channels driven'. That means two channels at a time can produce 95 watts per channel. The power supply is shared among all the channels so you can think of it as dynamically allocating power according to the demands of each channel.
This thread will start the 'all channels driven' controversy all over again where some will state that it should be able to deliver 95 wpc to all 5.1 or 7.1 channels at a time. It will not. On the RARE (practically non-existent) case that the music peaks simultaneously in each channel, the watts per channel will decrease. Real music is constantly varying and will never peak all channels at the same time. A receiver that actually meets its numbers (that is when you interpret them as they are stated and not according to your wants or desires) and has a rating of 95 wpc will drive speakers of average sensitivity to ear bleeding levels unless you have a gigantic room. I don't think you will have any problems with getting sufficient volume from the Yamaha and besides the majority of the time it will be loafing along using only a few watts anyway - only the extreme transients require gobs of power.
