Onkyo 908 has a 605 and 7.1 speaker (along with ipod dock and DVD changer).
You could buy the 605 and some onkyo 7.1 speaker sets for a couple hundred less.... There are a lot of options, you could get an onkyo or yamaha receiver that will handle the HD codecs for around $400, then get a 5.1 speaker set from tons of the brands out there. Will really depend on what you want, and what you can spend..