Going to separates will give you a more dynamic, richer sound than you will typically get with a receiver. I have a non-HDMI home theater setup and it sounds terrific. I did as you suggest and ran the video via HDMI out to the HDTV and I use the pre-pro/amp to drive the speakers.
I recommend you take a look at the Emotiva.com site for *excellent* value on HDMI-capable pre-pros as well as multi-channel amps for real-world prices. In addition, you'll get a 5 year bumper-bumper warranty. Look at the MMC-1 pre-pro and the XPA-5 multi-ch. amp. You could put together a *killer* system (200W/ch. - 5 channel, awesome pre-pro) for right around $1400.
Also, check out the EmotivaLounge.com for deals on gently used gear. Here's a link to someone selling their top-of-the-line pre-pro and a 7 channel amp for $950 - a smokin' deal. He says he wants someone to pickup in Jersey, but I bet a $50 incentive would get him to work with you on that aspect. This is really good-sounding gear and a steal in today's market...
http://emotivalounge.proboards54.com/index.cgi?board=emporium&action=display&thread=1288
Best Wishes,
-RW-
I recommend you take a look at the Emotiva.com site for *excellent* value on HDMI-capable pre-pros as well as multi-channel amps for real-world prices. In addition, you'll get a 5 year bumper-bumper warranty. Look at the MMC-1 pre-pro and the XPA-5 multi-ch. amp. You could put together a *killer* system (200W/ch. - 5 channel, awesome pre-pro) for right around $1400.
Also, check out the EmotivaLounge.com for deals on gently used gear. Here's a link to someone selling their top-of-the-line pre-pro and a 7 channel amp for $950 - a smokin' deal. He says he wants someone to pickup in Jersey, but I bet a $50 incentive would get him to work with you on that aspect. This is really good-sounding gear and a steal in today's market...
http://emotivalounge.proboards54.com/index.cgi?board=emporium&action=display&thread=1288
Best Wishes,
-RW-