The Onkyo TX-SR506 is entry-level 7.1 a/v receiver with three 1.3a HDMI inputs and 75 Watts of power per audio channel. It is due for release in April 2008 and is expected to retail for $379. The TX-SR506 only supports HDMI pass-thru up to 1080p and can't decode audio signal from the HDMI cable, so a separate audio connection will be necessary. The step-up model Onkyo TX-SR576 ($479) will feature HDMI audio processing and will be released simultaneously with the 506. The TX-SR506 supercedes the Onkyo TX-SR505 with similar specifications released a year earlier for $299.