It certainly fills a niche in their product line. They still have a hole in the $1k range and the 1050 is starting to get long in the tooth, plus they're rumored to be working towards a higher end pre/pro.

To complete the line I'd like to see a new receiver (1150 ?) at $999 that would have maybe 100w x 7 and an updated 1050 (1070, 1055 ?) to really round out things. Of course the higher end pre/pro would extend their reach as well.

It depends on the corporate direction I suppose. If they want to move more into the high end maybe the 'new entry level' is the 950/7100? That would be a strong contender against the super receivers out there. Just let the 1050 fade away? Why not I guess.