I think this one is rumored (maybe read this on avsforum) to be internally identical to a $600 Elite line model. I love my VSXD811, which was $300 1&1/2 years ago.
One big advantage of the Pioneers, which I assume includes this model, is that they have preamp outs on _all_ channels, which is very unusual. This lets you upgrade to better & bigger power amps down the road. Even as a multichannel preamp only, $199 is a bargain.