Onkyo TX-SR605 7.1 Channel Home Theater Receiver (Black)

Got the Onkyo 605 (replaced the RX-1200) this morning and spent about an hour setting it up. The experience was very positive and I had no problems what-so-ever.
In summary, it seems to be a solid receiver if you can live w/ inability to matrix "Multi Channel PCM" to 7.1 and lack of component -> HDMI switching > 720p.
My set up:
Toshiba XA2 (HDMI input to receiver); HDMI audio set to "Auto"
XBOX 360 (Component 1080i output connected directly to 60A2000 RPTV); optical input to receiver.
Klipsch 5.1 RF
I tried a couple of 5.1 SD-DVDs and it looked like receiver applied PLIIx to them (I only have 5.1 at present though). The True HD soundtrack from the Matrix HD displayed as "Multi Channel PCM" and PLIIx wasn't applied as expected.
The 1080p pass-through on HDMI seems to be working just fine w/o any noticeable degradation of PQ (component transcoding to HDMI is limited to 720p from what I have read though, but that doesn't concern me).
Here's a run down of the steps (for newbies) and my own experience with them:
a) Read the manual first!!!
b) Connect your speakers (preferably using banana plugs from Radio Shack etc.). Make sure that you get the polarities right before turning on the receiver. Run the Audessey setup by plugging in the provided microphone. In my case, it detected that I had inadvertantly unhooked my left front speaker and completed w/o problems after that .
c) If you prefer an on screen display, connect a S-Video from the receiver cable to your TV / monitor. You may want to adjust the aspect ratio 4:3 or 16:9
d) Connect the HDMI inputs (if any) and assign the appropriate HDMI input. In my case the XA2 was connected to HDMI input 1. The HDMI output from the receiver was connected to the TV's HDMI input.
e) Make sure that you set HDMI Audio Out to "Yes"
f) If you prefer to see the OSD over HDMI, set the HDMI Monitor to Yes. You will no longer see any output on the SVideo. If you make a mistake on this screen, you can revert by pressing the arrow key on the receiver to switch back to SVideo.