Summary: This is low end YAMAHA receiver, the sound quality and receiver quality is really very poor. If you take it seriously, I would suggest do not buy this model. It is really a failure product of YAMAHA, I believe that is the reason why they have so many B STOCK(refurbished) of this item.
Summary: I started off on the wrong foot from the start. 1. by buying from BB 2. listening to one of the sales reps and not doing my own research. What they didnt tell me was that you can run hdmi cables but still have to run rca or coax cables just for sound. Yes, you can buy them for a couple bucks, but thats not the point. Another thing that made me take it back to the store, was the number of hdmi inputs, or lack of. Only two.
Summary: It's cheap enough, but I simply never expected the HDMI not to support audio. Not only does this mean no HD Audio (DTS-HD or Dolby TrueHD), but if you have a long run (like I do) you'll have to run 2 cables instead of 1, and make the nice HDMI wall plate I had already set up useless. This would be a good choice if you simply CAN NOT spend an extra $75, but the extra $ for the 465 is WELL worth it.
Summary: Yamaha is a good name, but this time I'm so disappointed. After my research under $200's receiver(most brand) are not support HDMI sound output. I've Xbox 360, Wii, and PS2, they all use component cable, plus DVD and VCR, there have not enough space for me. I need to input some direct to TV, and Xbox360 only can choice HDMI or component cable output, so it's not matching this receiver.
Summary: I generally like Yamaha products but this receiver has one huge flaw. The HDMI outs do not support audio sound. I ran separate optical audio outputs from cable box and CD player. The one HDMI out on the reciever only worked with DVD not Cable box or DTV inputs. So don't plan on running a separate TV from the HDMI out on the reciever. The sound quality is good and the functions are easy to learn with the exception of the scene feature. Really not that well explained.
Failed in a week and so replaced with the same model
9 July 2009
Summary: Unit worked well for a week and then failed (turned off within 10 secs. and could not be reset). It was returned without any problem and a new unit ordered. So far, the replacement has worked as expected.