You know, I've really been happy with my Panasonic SA-HT390 but it's time to upgrade. The Home Theater Blog really caught my eye with the mention of the Panasonic SA-XR55K. What's nice about the SA-XR55K is that is comes in at under $250. Here's what the article says:

Alright what does this sub $250.00 surround receiver offer? For starters: 7.1 Channel Surround Sound (at 100 watts per channel) with Dolby Digital EX, DTS ES and Dolby Pro Logic II processing. One Coaxial and two Optical digital inputs, as well as two component video inputs, all housed in a cabinet less than 3" high.

So how does a 100 watt surround receiver come in so cheap? You'll have to read the article for the very acceptable explanation.

More about the Panasonic SA-XR55K at The Home Theater Blog