Other alternatives.
Or Marantz SR5003 ($550 ), or SR5002, or SR7001, or SR6001; all are below $500.
Or Onkyo TX-SR705, or TX-SR706; also below $500.
Just check at "accessories 4 less", they are reconditioned receivers perfectly operating and with a full warranty. Great reputable place to shop.
And welcome to Audioholics Forums, our favorite audio/video club.
Bob
Note: Oups! Isiberian beat me to it (by less than a minute) with the Onkyo TX-SR705, which is one of the best from the bunch, also with the Marantz SR7001 and SR6001. But for these two Marantz receivers, you have to look at their specs, to see if you can make use of their HDMI version 1.2