A few things that are impressive for this AV Receiver at this price range:
* 7.1 Channel Receiver (4 HDMI inputs v.1.4a with 3D)
* THD < .07%
* Can Upcovert DVDs and Standard Definition videos upto 1080p
* Multizone (multiroom) audio capability
* Comes with the EzSet/EQ microphone to calibrate all speakers automatically
AVR1600 might be a better value. No upconversion, 50W, one less HDMI, no 2-nd room [who would really use that?],but only $269
Plenty of people (including myself) make use of a second zone or at least B speaker functionality. That is the primary reason I did not pick up the AVR1600 for $199, because of its lack of zone 2 and speaker B functionality
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