Agreed. The TX-SR505 and TX-SR575 are basically the same and you should stay away if you want to use HDMI audio. Otherwise if you want to save money....the TX-SR575 is the SAME receiver that they pack into the home theater in a box for $479.99 with all 7 speakers+subwoofer. Its a good receiver but remember that you won't be able to do much of anything with the HDMI. In order to get PCM lossless sound you would need to match that receiver with the Panansonic DMP-10AK Blu-ray player which has 7.1ch analog outs, thats what I did.
Good luck.
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