Others say...

"Top-rate receiver at a reasonable price"
I purchased the Onkyo to be the centerpiece of a home theater. My requirements were THX-certified (this one is Select2), TrueHD processing, and the ability to upconvert video sources to 1080p. The Onkyo had it all. Setup using the Audyssey system was a breeze, and while I cannot vouch for the video quality (46" LCD is the next piece), the sound on music, movies, and TV are excellent. I'm currently running a 5.1 channel setup with the bi-amped Infinity Beta 50's as my front mains, and the system was able to compensate nicely so that they do not overpower my smaller, rear-channels satellites. In movies, every sound detail is reproduced with excellent clarity, and with nice, even distribution of the bass from the Sony subwoofer. After the new TV is installed, I'll be hooking it up to a second receiver to create a Zone 2 and the system will be very nice - and it all started with the receiver. Definitely recommend this system!

"Great receiver"
This the first new receiver I have have purchased in about 15 years. I love everything about it except the manuel. Once you get it figured out and set up it's a A+......

"A decent value, but underpowered"
For the price, this is a reasonably competent introductory AV receiver that supports multiple HDMI inputs.

There are, however, some material drawbacks:

The menu system is rough and somewhat awkward. You'd think they could do a better job given all the resolution available, and considering most people will hook this up to a large HD, but really, out of my entire setup (Tivo, Xbox360, DVD player, SR705) this clearly has the worst menu interfaces of the group.

Worst of all (in my view) it just lacks OOMPH. My previous reciever, an Outlaw 1050, had ostensibly 30% power per channel than this unit... and yet... this stereo can't get much that far above "normal TV" audio levels before its volume tops out. (And yes, the Outlaw sounded great at those higher volume levels. If I normally watch TV in the 40-50 range on the volume controls, it maxes out at 75 or so... not a distortion or power issue, it simply doesn't seem to turn up any higher (and the volume limiter is not turned on.)

I don't turn my stereo up very often but it's disappointing to know I've lost that ability with this new receiver, and I have to wonder how it affects the responsiveness at more normal listening levels. I'm definitely considering the 705 a "bridge" purchase intended to keep my system running until I can buy something better rather than a long term solution.

(As for the Outlaw, it finally gave out after over 7 years of daily use. I think that's about as much I can ask from an electronics product.)

"no regrets"

I spent alot of time doing research. I've owned the unit for about 6 months now. It's great. I won't go through all the technical info but simply state that for $400 and change it's a great value. I have absolutely no regrets. It's a quality unit.

"Great THX Receiver for the Money"
Having conducted a lot of research and read many reviews I determined that the 705 was the right choice for me. I have not regretted it. For the money, it offers by far the most features, and the sound quality is fantastic for my needs.

Cons:
- Purchasing it used through Amazon's warehouse, left me without a remote (although not advertised as such). It is impossible to operate without one and they cost 60 dollars to replace.
- The complexity of set-up could prove bothersome to those who are not audiophiles or hold an audio engineering degree. It's not a beginner level set-up.
- The receiver does produce some heat, but it is to be expected for the amount of processing it conducts, and is nothing compared to a plasma tv.

Pros:
- The multiple HDMI inputs are tremendous for reducing the complexity of changing input. My wife can now operate the home theater with the press of a single button.
- The multiple listening modes should satisfy anyone's ears as there are so many, and the sound quality on each is good.
- The Audysee automatic speaker tuning is remarkable! Set it and forget it.
- The on-screen menu is easy to navigate and simple to use.