I tested this combination a while back for Gramophone, and while it's no match for the old Tag McLaren Audio AV32DP/100x5R:10 system I run at home, it's still a highly competitive package - especially at that discounted price - provided you don't want all the frills.
The sound is extremely good, but you do have to do without modern niceties such as automatic set-up, HDMI switching, video scaling and of course any compatibility with the new HD sound formats on HD DVD and Blu-ray.
If you want the full shebang for a grand, I reckon you could do a lot worse than the new Onkyo TX-SR875.
Not sure what the review team have made of it - there's a first test in the September issue, on sale July 26 - but I've been playing with one at home for a couple of weeks now, and it seems to have the makings of a stormer.
It has bags of power, all the futureproofing you could want, excellent video processing as far as I can see and manages to sound truly musical as well as being able to belt out movie surround tracks while hardly breaking a sweat. I even tried it with a turntable yesterday afternoon, and was pleasantly surprised.
At the moment it's slotted into my reference system - Naim DVD5, Sky HD, PMC OB1/CB6/GB1/TLE1 and Fujitsu 50in plasma - and it's by no means outclassed.