Just wanted to add that thanks to this thread and other reviews, I went out and purchased the Denon 4306. Prior to the 4306, I was running a Yam 2095, with a BFD to equalize a UFW-10 sub, I've measured +/- 3dB from 30-100 Hz with this setup.
I ran the auto-setup, using Audyssey's and other's helpful advice, and I it came back with very accurate speaker distances (including the sub) and crossovers at 60 Hz for the mains, 80 Hz for the center, and 100 Hz for the L/R surrounds. I set all speakers to small, left the crossover's per the auto-setup, and sat down to audition.
With regards to music, I am very impressed with the receiver whether using "Direct", "Stereo", or DPL-II, both with and without the Eq enabled (set to Flat). I have not measured the bass response yet, but to my ears it sounds at least as good as what I had going with the BFD. Overall sound is smoother, yet more detailed than the Yam 2095. Some the selections of music I listened to included:
k.d. lang, Ingenue (female vocals sounded great)
Lyle Lovett, Joshua Judges Ruth (some deep bass and Lyle's signature voice)
Return to Forever, Romantic Warrior (Stanley Clarke's bass was deep, defined, was able to hear every nuance)
Eric Clapton, Unplugged (nice test to recover "live" ambience from the recording)
I also watched on DVD "The Lord of War", bass and LFE effects were very good, surround was immersive, Nicholas Cage's running dialogue was very clear.
In all, I am very happy with this receiver's sound and it's processing power. I need to add a wireless access point to get it on my network, will be working on that during the week. I've also connected a USB Hard Drive with approximately 30GB of MP3 (compressed at 256 kbs, VBR encoding), the 4306 had no problem reading the drive, worked without a hitch. I did not do any critical listening to the MP3, but on the surface the sound quality was good.