the two HDMI are inputs and it has one HDMI out. Just ordered one myself. I will be hooking up my DVD player, and HD box via HDMI through the reciever, since my HDTV only has one input.
Frankly I’m a bit concerned about the remote. I’ve heard those back-lit flat-screened things eat batteries like there’s no tomorrow. Plus, I’ll bet it will crack if you ever drop it.