Ares,
I come from a power electronics background and I'm pretty sure what all receiver manufacturers are doing is just simple power conversion. The power coming from the wall may only be 400 watts, but that doesn't mean the max output of the receiver is 400 watts, hence the amplification. Depending on how the power is manipulated through either resistance or current, Pioneer is more than likely being legit with their ratings. That's the point of power conversion is being able to take one source and "convert" it to something else through amplification. And since the main source is coming from the wall, current draw isn't really an issue (well as opposed to a battery).
Please someone correct me if I'm wrong with my analysis, but I'm pretty sure that's how it works.
I actually do have the Pioneer vsx 21txh as it was strongly recommended by many members on this site. I actually have yet to use it though since the speakers I ordered are on backorder, but based upon my research this receiver was going to get the job done (for someone looking for higher quality sound without breaking the bank). Especially since it's from their Elite series; that stuff's legit