<font color='#000000'>IMOHO, getting a good amp/amps and using a midpriced reciever as a prepro is the best option. I use a Denon AVR 3802 with outboard amps; soundwise, the only major limitation of this rec is the amp section. As a prepro it's dead silent and clean as a whistle.
I feel that as fast as things change in HT, it's lunacy to sink several grand into a prepro that in all likelihood has no provision to upgrade software when it becomes available. Certainly some do, but not many reasonably priced ones. A good example is Pro Logic II- I consider this a big enough improvement that I'll take my Denon with PLII over any older prepro up to $5k that lacks this feature. I find PLII to be such a staggering inprovement over PL that I now enjoy older DVDs that I never used to bother with before.
Likewise, with DTS-ES, EX, DD 6.1, etc that you just don't know what's around the corner. By getting a reciever and replacing as new formats come up you can keep up to date and keep the same amps.
That said, I'd like to get a high end prepro someday, but I just can't justify the cost right now, and I certainly can't afford one that would best my Denon.</font>