the emotiva umc-1 looks like a great processor at $700 on paper at least. i'm not even sure if it's hit the streets though.
"I watch TV regularly without having the amp on, but in order to use lossless, it has to use hdmi. So I would have to turn the amp every time I watch tv?"
I don't think this will be an issue.
- Do you have any more info on this? Are you saying that your Onkyo passes the hdmi even when off? Not clear by your statement...