There actually is more to Logic 7 than just stereo rears, but it's the easiest difference to explain.

You could also throw in what a used MC-1 costs, about $1700 or so, but you'd be without 5.1 analog inputs too.
IMO, for the money and for what you get in return, the 950 is the best way to get to 7.1 with separates. There are tangible differences from 5.1.
[This message has been edited by Kevin C Brown (edited April 30, 2003).]