Thanks all for your feedback. Based on everyone's comments, it looks like either a bad capacitor or maybe an output transistor. I recently had the unit modified with all new capacitors, resistors, and some diodes, and it is still under warranty for anything associated with the mod. The unit has now been sent back for repair and hopefully the problem is associated with a solder joint associated with one of these mods.
As an aside, my speakers suffered no damage, and putting back in my old Acurus preamp/Parasound amp combo, I was pleasantly reminded how good my old setup sounded (and still does).