I like it, though my previous Yamaha (no hdmi) was decent at £200 (original price 300). I have been happy with this system for a few years. Though this Sony one is more simple, it works out all the settings exactly, you just place the mic where you sit. As the system is in my bedroom, I had to balance it on my pillow where I place my head. Also unlike my old Yamaha the wires fitted very easily at the back of the amp. It worked first time with the PS3, but u have to set the PS3 to PCM, and unclick dolby digital 5.1, then the amp will display the frequency of the PCM. It also has a picture of the speakers used on the screen.
The sound does seem to have that heavy, but harmonic bass you find on the really expensive systems.
I would not bother with the 7.1 as most films are 5.1. Even audio is best listened to at 2.0 (no DSP). I like having only 3 choices for film DSP, but well designed DSP. The system makes the subwoofer sing, the sound fields are wide, and expansive, which blend and interwine in an ambient sea.
You can also change the name of the inputs, I changed BR to PS3, and phono to record....