So now that we have a new 4K TV, and fibre optics cable, I decided that it was time to upgrade our 15-yr-old receiver. But the technology is so different now, there's a lot of stuff in the specs that I just don't understand anymore. Receivers used to be so easy...AM/FM radio. Plug in a couple of speakers a turntable and CD player and you were good to go.

I ordered this Denon on-line last night. I can return it if I need to, but it seemed to serve all our needs (and then some) but since I don't understand a lot of the stuff on it, I thought I'd run it past my Audio gurus (yes, I mean you guys. ).

Denon 525-Watt 7.2 Channel 4K HD Network Home Theatre Reciever (AVRS700W) : Home Theatre Receivers - Best Buy Canada

This was my other option. The specs include a lot of stuff that the Denon doesn't, but since our needs are simple I thought it might be stuff that we wouldn't use...but the truth is that I'm just not sure.
Onkyo 7.2 Channel Dolby Atmos Network Home Theatre Reciever (TX-NR636) : Home Theatre Receivers - Best Buy Canada

I'm powering a pair of Paradigm Studio 60s as my fronts and two-channel, and a pair of Studio Lab bookshelf speakers for my rears and a Studio Lab centre. Also a 4K TV, and a Sony blu-ray player (that we almost never use). I want to be able to connect my iPod to it, and possibly use wireless speakers eventually.

I doubt that there will ever be a game console on this receiver...at least not in the foreseeable future.

Thoughts? Will the Denon do the job? Am I missing anything?