With the introduction of affordable, up to date processors by Integra, Marantz and soon Rotel, along with the availability of many affordable, capable amplifier brands, separates are a viable, even preferable alternative to high end receivers. Depending on specific circumstances, receivers in the $1,500 - $2K range meet the point at which separates become a serious alternative.
In the case where a receiver is preferred over separates for whatever reason, my own research led me to the
Onkyo 906, which is fully featured, 4 ohm stable and cheaper than the Yamaha. I ended up going with separates instead of the Onkyo, but I see no reason not to choose a really good receiver if it meets all the requirements of the user. There are cheaper options but those bring their own inherent compromises as well.