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From what I gather, using a preamp and separate amp will give me much better sound quality than an all in one receiver.
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Preamp / Amplifier configurations are usually your best bet. But do not count out a receiver as they can do a great job as well. It depends on your goals for your HT and your budget. You can allways add a good multi-channel power amplifier to a receiver later on to add more power. And todays receivers are more likely to have the newest technology first before the preamp versions. Todays receivers are packed with performance and value.
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I have also heard a 5 five year old amp is just as high quality as a new amp--given it's a high quality brand. Is this correct?
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IMHO I would say not true. There are plenty of 10 year old amplifiers that will out perform todays amplifiers. While technolgy allways changes the basic technology for amplifiers has not changed much. It also depends on what level of gear your talking about. You can allways get a great deal on a used high end amplifier that will work just as well as a new one and sometimes better than a new one.
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That question leads me to the question I need answered most. If I just care about SOUND ONLY through my preamp (I can switch HDMI through my TV), is there any reason not to buy an older preamp--just as long as it is good quality with optical in???
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You mentioned that you wanted HD. I would get a new receiver or prepro with HDMI switching. You will want to send the uncompressed PCM to the receiver via HDMI as well as Dolby True HD or DTS-HD Master Audio. All 3 of these audio formats bandwidths are to high for coaxel or optical. You can use optical for the legacy core of DTS-HD or Dolby True HD but you will only get the basic DTS or Dolby Digital using that route. Also you will not have to run multiple HDMI cables to your tv as you can run shorter cables to a receiver and then to your HDTV.
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My budget is pretty limited so I can only buy in stages. I really liked the sound of the B&W bookshelf speakers--I haven't shopped much. I also like the looks of the Emotiva equipment but I don't know if it is any good.
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I am in the same boat as well and I end up saving cash for my upgrades one peice at a time. The key is to research and listen to several differnet models until you find something that fits your needs and pocketbook. Take your favorite movies and music, the ones you know in your sleep. Listen to the same material on differnet models and brands. That is the best way to hear and see diffences between the equipment you are auditioning.
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Another option is Outlaw or Emotiva? Any good? I rellay don't want to spend more than $1000 for a receiver or $1500 for amp and preamp.
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You can get a really nice updated receiver in that price range. There are models from Pioneer Elite, Denon, Yamaha and others. I am looking at the Denon AVR-3808ci receiver which is actually getting rave reviews here and at other sites as well. The 3808 has a retail of $1,600 but can most likely be found for hundreds less online.
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I would consider Denon, but several people I know seem to have had bad luck with the products.
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Denon makes a very good product and packs top notch performance that is some of the best available. There are other very good brands out there but Denon has there act together. To my knowledge most people do not have problems with Denon and it is unfortunant a few friends had problems. I would highly recomend Denon and the only other receiver I am looking at besides Denon is Pioneer Elite so far.
As far as Emotiva goes I have not hear of them before to be honest. I just went to there web page and the gear apears to be nice. I do not remember seeing anything about HDMI 1.3a, Dolby True HD or DTS-HD Master Audio. And while it is not manditory that you have these capabilities it couldn't hurt to have the newest features to keep your HT current on technology. That is if you want to take full advantage of the newest lossless audio formats on many of todays HD titles. In that case you will also want to make sure that the HD player you buy will bitstream DTS-HD and Dolby True HD via HDMI 1.3a to a new receiver or pre/pro.
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Focus first on the speakers you want and spend the majority of you money on that then choose the electronics.
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I agree, speakers are also one of the most important part of your system and the voice of your home theater. You can have the best gear in the world hooked up to bad speakers. And it will sound like garbage! Audition speakers and then match a receiver or pre/pro to those speakers that will provide enough power to properly run those speakers. One of the worst things you can do is underpower a speaker where you push the amplifier into distortion and clipping. Its a good way to damage or fry your speakers.
I hope this helps.
Dave