Join Date: Feb 2001
Location: Nokomis, Fl. USA
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Those were the two finalists on my list. I went with the 929, probably like many, because of a slight brand allegiance. It's replacing an integra DTC 9.8. Can't give you a sound comparison though as I'm still going through the setup process with some other new equipment. As for sound comparison with the X4000, hell I couldn't even find a 929 on a retail shelf to hear it.
Don't know about your time frame, but the overdue Onkyo TX-NR xx10 series replacements might be held up for inclusion of HDMI 2.0. Just saying. The "1011" might be close to your budget ceiling.
By the time I made up my mind, the 929s were out of stock everywhere on line until I found it at Amazon. A-Prime said 3 days but of course it was here in 2.
In comparing the two, I would say the two most notable differences are the 929 has 9 powered channels at 135 watts as opposed to 7 channels at 130 watts for the X4000. Although they both have dual sub outs, Denon's is a true Audyssey Sub EQ HD. Only important if you have multiple subs, not so important if they are identical and placed somewhat identically in the room. The Onkyo will give the full Audyssey treatment down to the lowest note but equally to the two sub outs. The Denon will manipulate the distance timing and volume separately.