@Paritosh, if you want 5.1 setup then I guess it is 728 or 528 for you. Onkyo dealers also have Pure Acoustics stuff, you can try that as well.
I will get back to you with the prices I got for all the setup, have quotes with me, I think 59K is too high for this combo.
@drkavint: I am going this weekend to audition some more speakers and rap up the auditioning round. Onkyo 609 won't be available until Diwali in India, that is when Onkyo launches new stuff generally.
I am suggesting upgrade to Onkyo 608 , the reason being, 608 scores more points and has a better feedback on video upscaling as compared to 508, 508 has many issues when it comes to video upscaling, sniff around the web and you would know what I am talking about.
I will share the prices I got in evening when I get back home.