I just finished spending a few hours with my new Denon 3803. First I got everything hooked up and then calibrated with my trusty old Radio Shack SPL meter. So far I'm a bit disappointed. The Denon is replacing a 3 year old Pioneer Elite 26TX. The S-Video to Component conversion works as advertised and I saw no evidence of any problems as some here have suggested. My first listening experience was with a dozen CD tracks, everything from rock to country. This is the area I'm most disappointed in so far. Everything sounds very flat and lifeless. I tried regular stereo, direct and pure direct. Something in the mid range just doesn't sound quite right. The more I listened, the more I noticed everything sounded kind of blah, almost cheap sounding. Next I spun a few DVD's and things seemed quite good in this department. Slightly better than my old Pioneer. I think the remote is very confusing and cumbersome. Maybe it just will take some getting used to. Also, the owners manual is pretty poor as well. I'm going to re-connect my Pioneer and listen to some 2 channel stereo just to compare. I should mention that I'm running Paradigm Studio 40's and Studio CC up front and Studio ADP's in the rear; all paired with a Velodyne SPL1200. I guess my initial reaction would be that I'm feeling a bit underwhelmed by the Denon so far.