"True" home theater fans may look down on home-theater-in-a-box systems, but sometimes that elitist attitude is unwarranted. The Onkyo HT-S7200 may technically be an HTIB, but that's just because it comes in a giant box; the system is composed of two separate components, the SKS-HT870 7.1 speaker package and HT-RC160 AV receiver; both devices are also sold separately.
The result is a powerful-sounding home theater system that can deliver on both movies and music--most HTIBs don't cut it with music. The receiver is packed with five HDMI inputs, plus an iPod dock for easy access your digital music.
The HT-S7200's weakness is aesthetics and bulky size. The included speakers are boxy, relatively big (at least compared with other HTIBs) and the black wood finish won't suit everyone's taste. If you're looking for an unobtrusive home theater system, this isn't it.
On the other hand, if your priorities are performance, features, and value, you can't go wrong with the HT-S7200. Our only note is that you might save money by purchasing the HT-S7200 like a true component-based system; we've seen the SKS-HT870 (which includes the iPod dock and speaker cables) and HT-RC160 offered for less online than the all-in-one HT-S7200 system.