My idea of absolute best value is Onkyo. Consider the loaded TX-SR605 @ $430 or bigger brother TX-SR705 @ $650.
My idea of slightly more price for even more highly regarded is Denon. Consider the Denon AVR-1908CI @ $599 list or the AVR-888 @ $749 list.
Sure there are others. Just thought these two brands stand out.
These are up to date & powerful. Perhaps you don't really need quite this much receiver. So look at slightly less expensive. There are many that will do a good job for you for several years to come.
I have a xbox360 thats component plus toslink to HDTV
also Cable box thats connect through HDMI to HDMI TV
looking for suggestions for a A/V receiver that meets the above type of connections at a decent price-budget is at 700$