If you are looking for good audio results (ie. 2-channel) as well (though for many that is not very immportant - if that's your case, disregard my recommendation completely), I would go with a decent 2-channel amp and also a 5-channel amp (just using 3 of the 5 channels for now - but having the other two available when going to 7.1/7.2)
I have never heard a multi-channel amp come close to sounding as good as a equal level 2-channel amp when it comes to stereo/2-channel music listening.
I have owned and auditioned some very good multi-channel amps - none of them could compare remotely with comparable 2-channel amps, including:
Krell TAS (better than most multis, but still not good enough - owned)
Theta Dreadnaught (lousy 2-channel performance - owned for 1 month, sold and the buyer sold w/in 2 weeks due to the same bad performance)
Halcro (okay in 2-channel at best - auditioned multiple times)
Krell KAV (mediocre in 2-channel - owned)
Conrad Johnson (okay in 2-channel - owned)
B&K (mediocre in 2-channel - owned)
Auditioned many others, not one has ever come close to performing above average for 2-channel performance. I am demanding for 2-channel, but not very much so for HT, I just don't watch enought TV/Movies. In the end, I have two completely different systems and am perfectly satisfied with a AVR and below average speakers for HT. Maybe its that Hollywood doesn't make any good movies anymore - IMO.
But that's just me and your goals may be different between 2-channel and HT.