billy p, that definitely is not the case. I've been engaging m/c and then PD when listening to SACDs, and I do hear discrete sounds coming from the different speakers, i.e., a guitar in the front left that's not also in the surround left.
Trezl and Tjizasse, thanks for letting me know that it won't hurt my speakers to feed them full range speakers, that's great to know.
But Davemcc, you're right -- I did set all the crossover and channel level stuff in my player. PD in my receiver means that it'll just accept whatever's coming at it, and my player is already applying bass management and re-directing anything less than 80 Hz towards the sub. Okay. Ahhh, many many thanks for that, Dave!
I can now go back to SACD and DVD-A listening and just relax.
cheers,
supervij