I think if this as the Toyota Camry of stereo receivers (maybe Lexus ES350?). Not top of the line, not a bunch of extra features, maybe not the most exciting receiver out there. But it works perfectly, does everything you need it to do, and is extremely well-priced. And if my experience with other Sony products is any indication, it'll last forever. Obviously this isn't a high-end receiver. It you're an audiophile, this likely isn't the receiver for you. That said, THD on this unit -- while higher than a more expensive receiver -- is still really low. I doubt any difference can be detected by a non-expert listener. I was contemplating a $400 Yamaha unit, but decided it wasn't worth the extra cost. Glad I did. This is a rock-solid, value receiver. If you just need a basic stereo receiver, this is the one to get. Only drawback is no phono input. I am using this to stream digital audio via AirPort express, and I have it coupled with an Audioengine D1external DAC. An argument could be made a more expensive unit that comes with DAC/phono is worth the extra cost, if you need those features. If not, this is just a great value. PS -- it'll drive two sets of speakers simultaneously, which was important for me.
Pros: great value, drives two sets of speakers simultaneously.
Cons: no phono input, no DAC... but who would expect those features at this price point?