For CDs, I often use DTS neo6 ( I find that the DTS gives me a richer sound than Dolby. It's particularly nice for strings)or upsampled stereo. No processing for SACDs and DVD-Audio.
For Movies, DTS when the track is there, or Dolby prologic IIx when I want to emphasis the dialog.
I only use 7 chan. stereo for parties.
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HT:
990/770
Oppo BD83SE
Pioneer Elite DV-47A
Magnavox HDMR513h DVR/DVD-R
Sony DVD megachangers-2
Sony CD megachangers-2
Monster power centers-2
Sony 48" rear projection SDTV
Roku video player
JVC AL-A158 Turntable
Polk RT-2000s,CS-650,XS-650s,RT80s
LFM-1EX
Hsu VTF-1
12" Velodyne

Family room:
OPPO 970
Sony 32" direct view HDTV
Denon 3801
Rolk RMs