The 1070 is the best receiver I've ever owned for sound quality. I decided to send mine back ONLY because I'm upgrading to the 990 and 7075. I've always wanted separates and figured now was the time to do it. I was so impressed with the sound of the 1070 that it sold me on going to Outlaw's separates.
My wife didn't know I'd sent the 1070 back...when she found out she asked me why I did that since she really liked the sound...she's NEVER said anything like that about any other receiver I've owned.
There should be a b-stock 1070 showing up pretty soon if you want to save a few bucks.
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HT:
Pioneer VSX-1120
Salk Songbirds, SongCenter, SongSurrounds
Panasonic BDP-45
Outlaw LFM-2

2 Channel:
Red Dragon M-500 monoblocks
BAT-VK3i
Salk HT-1TL's
Apple TV
Beresford 7520 DAC
Surgex XS10