Pros: Low Price and is a solid unit. The sound is really awesome and will meet all your needs
Cons: Still can't get the net radio to work. flashing the unit can not be performed over the internet. Thumb drive and some strange way of pushing a button when it comes on forces it to put in the new firmware.
Summary: I have had this for several months and after hooking up my smart TV, HD-DVR and Bluray it has worked great and sounds great. The network connection was solved by using another great product Iomegas 5-port WiFi N Ethernet hub connected to the wired Ethernet port on the receiver, the Iomega stays on and allows the receiver to connect as soon as it powers up with all the bandwidth that your wifi can give, much better than buying the Yamaha dongle WiFi and cheaper too.
Summary: I had a nice Sony Receiver before this, and I thought I liked it. I was wrong. I originally was looking for a replacement because my older Sony didn't do HDMI. The reviews were good on this Yamaha, and even though I have no intention of buying a 4K or 3D TV anytime in the near future, the fact that this supports it was pretty sweet. Yes, the Sony had lots of options. No, they were not easy to configure.
Summary: The systems that are all in one, in a box, may be easier for the absolute novice to hook up. But for someone who wants a more versatile, forward looking receiver, loaded with features and good reputation for the price, look no further.
Pros: It has plenty of features. So many in fact that I have yet to use them all. LOL I like the YPAO feature where it tunes your system for the room's acoustics. The pass-through feature cannot be underestimated for it's value to the system. It makes hooking up to the TV a breeze. One thing factors a lot into this receiver and it's value. That is the one year warranty by Yamaha themselves. Every other refurbished receiver I have ever looked at limit the warranty to 90 days...
Cons: For some people who are looking for absolute simplicity, might be intimidated by this receiver.
Summary: A lot has changed since college. This thing does a lot, so it's necessarily complicated. But it works great, and once you get used to it, it makes sense. Plus the app for iPhone works good. Setting up my computer as a music server works good. My wife and kids were eventually able to figure it out too. So that's good. For a while there, I had to come set it up every time they had to switch between netflix, Wii-U, and cable.
Pros: Unit was B-stock, but brand new. Only issue I could see was a little ding on the top of the faceplate, otherwise it was as good as new, but at the refurbished price. Lots of features, good sounding receiver at a good price.
Cons: Speaker binding posts difficult to use and they are spaced differently then a standard banana plug. Non HDMI video sources don't play out of the HDMI out.