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Extremely good value!

Digital Connection says:

The R-865 A/V receiver shares features similar to the highly rated top-of-the-line home theater separate, the P-865:

High quality parts: With items like the Cirrus Crystal CS-49400 DSP processor, Burr Brown PCM-1703 DAC’s, AKM’s AK-5380 A to D converters and Analog Devices AD-1896 sample rate converter, performance nudges the state-of-the-art.

Decoding: R-865 decodes virtually every technology on the market including Dolby’s brand new DPL IIx. A longer list includes DTSES Discete and Matrix, DTS 96/24, DTS-Neo 6, Dolby Digital Surround EX, Dolby Headphone Levels 1, 2, and 3 and more.

Field Upgradeable: In the fast moving audio world, it’s hard to keep up with all the new advances. The R-865 has upgradeable operating systems. As new technologies emerge they can be added to keep these receivers continually up-to-date…more