I thought it would probably be easier to just have one integrated unit, but that does sound like a good approach. I assumed with Media Center handling playback, it wouldn't matter what each channel is assigned as.
If multi-channel receiver has a multi-channel digital input and you like the DAC in the receiver you should be fine. The problem comes if you want to use a DAC outside the receiver; many receivers don't have analog inputs for all channels (but some do), which is what I meant above by a potential lack of "user-configurable inputs." Obviously power amps mostly don't care what you feed them and have analog inputs for each channel.
Thanks for the recommendation, I'll keep it in mind. I'm likely not going to have anything larger than bookshelf speakers, so I should only need six channels. (but an extra two could probably come in handy)
And really, if you have subwoofers, do you need a speaker with multiple mid-range drivers?
It depends on the drivers and your goals. Some highly regarded speakers are four-way set ups, and I've seen several 3-way speaker setups that still need a sub. Especially with the kind of steep crossover filters that can be easily created through digital filtering, four-way becomes increasingly attractive (although it can be done in analog, either through an analog active crossover, or creative passive crossovers). There are about ten octaves we can hear, and if you want flat, well-behaved frequency response with uniform directivity it's hard to find speaker elements that do more than four octaves well (they exist of course, but you'll pay for them). One moderately famous three-way design is Linkwitz's Orion, but depending on which version, it still needs a sub for the lowest bass extension.
Just to be clear, and to make sure I'm not misleading you: if you have more than one matched element outputting in the same range, there isn't much benefit to amping them separately. For example, I run a 2x2 midbass array in each speaker for my low frequency stage and all four of the woofers on one side are on one amp channel because of the efficiency gains involved; but they're all reproducing the exact same signal and there's no analog components in between the amp and the elements so I still gain the benefits described above. In a normal bookshelf speaker, though, each element is operating in a different range and so would need a separate amp channel. The idea is that each frequency band is amped separately for each "channel" (i.e. HF left, HF right, LF left, and LF right each have a separate amp channel).
HiFi really is just an endless money pit, isn't it? There's never a point where you couldn't continue to spend money on improvements.
More or less, although I think there is a point of diminishing returns, and only you know when you've reached it. For my part, I've managed to push my system distortion below -40dB at normal listening levels, and my frequency response is flat +/- 3 dB across eight octaves of the audio band. I've reached the WAF limit on room treatments, which is the only really the meaningful thing left to do (it would help level out those last ripples and the two octaves on the bottom). At this point I'm down to replacing my HTPC fans to eliminate the ambient noise from the PC. So I'm not sure I'm going to spend much more for the foreseeable future (fingers crossed that some new idea doesn't occur to me
).
One piece of advice I'd give you before you start down this road in earnest: if you don't have one, get a decent condenser microphone, whether one of the USB ones Parts Express sells, or a phantom powered one like the Behringer ECM line (just make sure you have a sound interface that will supply phantom power first). You can probably find one for between 30 and 70 dollars. Once you've got a mic, do some system measurements using free software like Holm Impulse or REW and puzzle over those for a while, learn measurement technique, etc. It will sensitize you to what the "problems" are with your current system, and will demonstrate some of the benefits you might or might not be able to achieve by bi-amping, etc. It will also equip you to actually do the bi-amping if you want to, as it requires lots of measurement to get right.
If this is all something you're already doing, forgive me for preaching to the choir, but if not, it's a relatively low-intensity and low-investment way to "break in" to this side of DIY, and will be time well spent, if, for no other reason, it will tell you what kind of EQ your current system may need (or what kind of EQ "sounds flat" to you, i.e. "ear calibration"). If you have any questions about measurement technique or anomalous results, let me know, I've spent entirely too much time engaged in measurement and tweaking over the past few years (which is inevitable when you home-build speakers).