In all my blathering, I didn't make my most important point:

I don't want all the gadgetry associated with video in my processor. I don't need a THX label. I don't need a pretty display because it sits in a closet. I want it to do one thing above all else - SOUND GREAT!

Within a retail price of $1500, give me the best audio I can get. Give me 24/192 processing with the best DACs that the price will afford. Give me extraordinary sound field processing. Give me the best analog parts (that make a discernible difference). While you're at it, throw in that parametric equalizer.

Sorry I got so worked up. I think I'll go walk the dog now, because I don't expect my processor to do it.
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Outlaw 990
(2) Behringer DEQ2496 (L,R,C,Sub)
Home Theater Master MX-800
DirecTV HR20-700
PS3, XBox
Denon DVD-1910
Squeezebox using FLAC files
Panasonic PT-AE700U (upgrading)
Gemstone Blue Diamond 7x200W
Dali Helicon 400/C200/Phantom
Velodyne 15" Sub