good entry level hi-def receiver

[zoon_ii]

Could anybody recommend a good budget receiver to start with that will decode all the hi-def audio formats? obviously using the hdmi connections. I don't have a lot of money so something like 700 is out of the question. actually the lower the price the better, but obviously i don't want to buy a piece of junk, a good name brand that will last, but a model that isn't "top of the line"

thanks in adavnce for any advice or recommendations.