Onkyo 805 does not molest HDMI signals. Like I've said on several occassions here, the pic I get is the most beautiful my friends, family, or I have ever seen with BD and HD-DVD being sent by a 35 ft HDMI cable that costs about the same as a 2 ft Monster optical cable. HAH! On a 159" screen at 42 degree viewing angle no less.
Definitely 2 conductor. Unless you are looking to biamp. You will then need another 7 channels of amp. Don't worry about oxygen free, I'm sure the CL2 is the same in anycase, anyhow.
The only thing I wonder about 12g, if it will fit in the posts. Just go for 14g, you won't need anymore at 50ft, or even some beyond that. The biggest differences are between the smallest gauges, but 14g is quite healthily thick. Thicker than what Im using in my system in fact.
When you hook up the speaker wire, please make sure to twist the ends quite well. This will help prevent a stray wire, which is always bad news. Just one touching strand may give you fits, and even be dangerous to your components.
Gawd, Mono is so cheap, Im thinking of buying myself some thicker wire, just for the hell of it. Im hoping Im too lazy to deal with redoing my wires, and I think I just be. Good.
Other warning re 805: Some have lip sync issues that are not resolvable, because the audio comes too LATE. If its too early, then you use the delay function. assuming you have an Onkyo with this issue, the further you sit, the more ameliorated this is. I think, in fact when you get to 15, or 20 ft, you are perfectly fine due to the distance sound must travel.
HOWEVER, I think a lot of people are misdiagnosing. Im sure some people might get, but what a lot of folks don't realize is that all of your source materials have differing sync. Some very demanding audiophiles blame it on poor performing SMPTE engineers. ANYWAYS, I have zero issue. You can take a calibration disc to get sync correctly, but I guarantee you if you nitpick, you will drive yourself mad. I cannot remember correctly, but I think Indiana Jones might have bad sync for instance. When you channels on a TV you will get different sync.
What else, hmmmmmm.
Oh, if you have the EARLIEST fw on your Onkyo, you cannot upgrade FW. But as Ive said, I think that's no longer the case. Only the very, very earliest buyers from last year got this. And to repeat, Amazon seems to have much more recent FW. And one mroe time: don't worry about FW if everything works fine. Its always some inherent risk in updating.
Lastly regarding Ascend, I would actually be more happy for you if music was important to you. Ive already said this. Anyways, you will like the stage and imaging. OTOH, I would really consider forgetting the center speaker, depending on how you are going to place it. On top of a reflective cabinet, given no space, and if not at least protruding over the lip of it. Hm. My brother has my old HTIB. and it is currently on stereo. Yep. The dialogue is so much better, and clearer for multiple viewers. People do seem to prefer clarity over centering, but the fact is even with very cheap speakers centering is not that hard to even with just two speakers.
I'll come up with an off the cuff analogy. Lets say you have the perfect steak. But lets say you think a steak must come with a potato, even if the steak was 20 oz. Well, I have an old rotten over-burnt potato for you. You never considered just eating the tasty steak on its own, because as far as you know everyone else eats a steak with a potato. Sometimes people ruin a good thing, just because everyone else does the same thing. That was a bad analogy, but maybe you get my point.
Re the rack, and no space to hide it. Hell, put it off the side. At the back. Either corner in the back. Directly behind your couch. Anywhere else.
TWO BIGGEST THINGS TO THINK ABOUT
1) Get an upright center. This is the probably the best advice I've given you, and I hope it was one of my very first recommendations. I obviously think its the most easy and fundamental improvement 99% of could make, and the costs are almost negligible. They just do horiz because everyone else does, and don't know any better. However, Id do this if it cant be near ear level, or that the angle of vertical dispersion is minimal after accounting for viewer distance.
Example of ignorance. He honestly didn't know any better. He is guaranteed to suffer lobing from 2/3 speakers in any given seat. Lobing means that the speakers own drivers are CANCELLING EACH OTHER Out at multiple frequencies. Any given set of frequencies being cancelled out is dependent on the exact angle offaxis.
http://i184.photobucket.com/albums/x110/avliner/HTR004.jpg
Example of someone who knows what he is doing
http://www.smxscreen.com/images/IMG_5261-1.jpg
B&Ws HT homepage. First photo is complete B.S. and = Pure Marketing. Terrible design for the simple fact that everyone thinks that a horiz = for center. The third photo is the way to do it. Three uprights. Take away the huge mixing board and amps, and I personally think it looks clean. There's a reason why the best HTs and studios use three uprights. This includes your local theters as well.
http://www.bowers-wilkins.com/display.aspx?infid=761
To me, trying to find the best horiz center speaker is like trying to find the best possible square wheel. Even most cheap round wheels outperform the most technologically advanced square wheels. Nothing beats a good design, pure and simple.
2) speakers position in relation to room boundaries is critical. when you get your speakers, play around. Put them where they look nice and hidden, stuffed in corners, and listen for say 15 minutes. Then bring em out way too far for your wive's tastes, say 5 ft from the front, and 3 feet from the sides. Just for an experiment. Then listen for 15 minutes. You will see. Then you can do your best in compromising. Ive repeated myself way too many gawdamn times. Positioning is more important than the actual speakers you have chosen, IMO.
Some threads where I've harped on this.
repeatin my original rec to you
http://www.avsforum.com/avs-vb/showthread.php?t=1067244
on speakers away from room boundaries being the best improvement
http://www.avsforum.com/avs-vb/showthread.php?p=14704190&highlight=#post14704190
I totally agree with the philosophy and explanation in this post
http://www.avsforum.com/avs-vb/showthread.php?p=14650424&highlight=#post14650424
Try for yourself and you will see.