Pioneer VSX-1020-K 7.1-Channel 3D Home Theater Receiver for $299.00 shipped.  Here is a screenshot for reference.  It features 875 watts of total power, surround sound decoders, 1080p video conversion and upscaling, multiroom capability, 3D-ready, iPod and iPhone compatibility, SIRIUS Satellite Radio-ready, Bluetooth, and more.  Most places have it for about $376 or more.