Would like help/opinions on building a theater system

[neos_peace]

Hello Everyone. I'm new to the idea of building one's on custom theater system. I have decided not to buy just the off the shelf prebuilt together sysetm, say from like walmart. But I'm clueless as to tech specs and eveything so here's what I need and want from my fellow blu people. I need thoughts on a good receiver now from the past I've learned to be somehwat specific. so here's what I know and at the least want.

1. an HDMI input and output. (mainly for the BLuray in and then video feedout to my fullHD TV)
2. lossless or uncompressed(which ever don't know the difference) audio, basically I want to gain the best possible sound from the bluray format.
3. at least 5.1 channel or can be up to 7.1 (I know that most titles are able to go up to 7.1 channel)
4. At least 1000 watt/ no I'm not sure if I want tthat to be peak or RMS (I want the option to be able to feel the bass and everything as if I was in the actual theater watching and listening.)
5.No I don't want wireless ready, I'd rather run wires.
6. I know most realy good receivers are a good penny but I don't want to spend and arm and a leg to get a good one.
7. As for other specs I have no idea I don't know about the ohms, or volts, or freq, orcut offs or anything but I'm sure you people can help me out or you can give me a quick lesson on that. Hopefully I covered a good part of everything.

After al these thought and opinions I will be asking about speakes and A very good Sub (I love bass and can never get to much I like to feel the bass, earth shaking bass )


Um If any one does have a very good Idea then please just send me a message, or if you can educate (lol spelled that wrong) me on the stuff a bit more (please give it to me in very simple simple simple terms lol if thats possible) but if you do just have what you recommend then feel free to reply thanks alot everyone. Oh plus if you could give me balpark figures on prices and where, I'd really rather not buy on-line unless you can give websites that are very reputable.