Fairlane, I have it hooked up to my Soundwave Model Three speakers:
And I have to say, after almost a week of listening... I am not as enthusiastic about the sound as I was upon my first listen. It certainly has that "vintage" WARM receiver sound, with an extensive mid/upper low end, but it seems to "overequalize" the sound in that direction at the expense of midrange (vocals, piano, guitar string plucks, etc.) And these Soundwaves are no slouch when it comes to mids!
All the upper mid/high stuff is just "veiled." It's cliche but it really does sound like someone hung a curtain over those frequencies. Here is the EQ setting I fianlly wound up with for the best overall sound:
And it sounds pretty decent now, but that's kind of my point-- to have to adjust the tone controls this far out of flat to get decent sound should not happen on a receiver that touts itself as "natural sound." And no matter what I cannot get rid of that mid-bass emphasis. I've been comparing the settings to the Sony ES receiver I had hooked up to these Soundwaves before, going back and looking at my notes on that combo, and it's startling really- I barely had to tweak the Sony's tone controls at all-- just like the Yamaha it also had bass, midrange (called "presence" on the Yamaha) and treble controls that could be set incrementally in half-decibel steps. On the Sony, I actually had to LOWER the midrange 1.5 db, boost the treble .5 db, and lower the bass .5 db. Piano key strikes, guitar plucks, vocals (especially female) and things of that nature were very articulate, sounded absolutely stellar and they weren't "smoothed over" and overshadowed by low end "huskiness" like on the Yamaha. BTW adjusting the bass all the way down on the Yamaha does nothing to compensate for that "huskiness" in the midbass region- it just diminishes the rest of the low end field.
I really wanted to like this receiver, based on all the hoopla surrounding it on this board. My posts earlier about how great sounding it is were made in haste and I think as a result of the accentuated "warm" sound, but over the past several days I have come to realize it's at the expense of other things I enjoy more. I am not sure whether the hi-resolution output of modern receivers has anything to do with this or not- perhaps, if the Sony EQ was sampling everything in the digital domain (even straight analog input which is how I was running my turntable) and then converting to analog? Someone more knowledgeable than I about these things may be able to confirm. All I know is that I almost immediately had great sound out of the Sony that accentuated what I like, just by tweaking the tone controls ever so slightly... but even with those settings pictured above on the Yamaha there's still a "veiled" thinner sound in the mid/upper ranges. (Look how much the presence control on the Yamaha had to be raised when it was actually LOWERED on the Sony-- I even made a comment about how forward the midrange was in my comments on the Soundwaves!)