Personally with that budget just for a receiver, I would seriously look into going with seperates.
Outlaw Audio (with a little more added to your budget) You can get the Pre/Pro and seperate 7 channel amp for 1598.00
Link here
https://www.outlawaudio.com/mofcart/electronics.html
And that is for a decent amp, you can get the lower powered amp and pre/pro for 1298.00
Or you could get their 970 pre/pro and add monoblocks as needed.
If you feel you must stay with a all in one unit AVR, then for 1200.00 I would certainly be looking for a THX Ultra certified.
Not the THX Select(2). (Difference in the amp section, specially when running 4 ohm speakers.)
If that is what you are running.
I have seen used ones from 1,000.00 and up. JVC has a Ultra certified that is 52lbs, but I can't seem to find reviews of it.
I have found some refurbs. But here is a link for a new one.
http://www.digitalfotoclub.com/sc/from-bizrate.asp?id=964590344&rf=bz&dfdate=01_29_2006
EDIT:: Direct link to JVC for that Ultra receiver
http://www.jvc.com/product.jsp?modelId=MODL026945&pathId=5&page=1
THX rating differences here - Can't find the Audioholic link
But it is explained
HERE
When it comes to amplification, continuous output tests are run on up to one, four, and five channels (simultaneously) of an Ultra product, but only one at a time on Select. With all products, the dynamic amplifier tests are done on up to all available channels. Ultra amplifiers must be stable on all channels to 3.2 ohms and swing an 18A peak, while Select products must be stable into 4 ohms (front channel) and 8 ohms (surrounds), and swing peaks of 12.5A and 6.2A respectively.
So, right off the bat, Select amplifiers have a lower bar to reach, but ultimately in meeting it, they will still cleanly drive any reasonably designed speaker to reference level in a Select-size room. What we are talking about here is the idea that the lower powered equipment can get a THX certification that will assure consumers that the really affordable stuff has met certain standards like the high-end equipment.
EDIT #2::: Here it is (new, I'm sure) for a little less and 1.99 shipping.
http://www.ecost.com/ecost/shop/detail.asp?dpno=549420&store=ecost&source=ECOSTDEAL&srccode=cii_13736960&cpncode=10-16371698-2&adcampaign=email,ECOSTDEAL