At $3000, the new T785 is a new high in price for an NAD AV receiver. But it's loaded with features, including 7x120 conservatively rated watts, 4 HDMI 1.3 inputs, the Audyssey MultiEQ XT room correction system, and multichannel audio (PCM) over HDMI (but no on-board decoding for Dolby TrueHD or DTS HD Master Audio.