Further information from a cnet review http://reviews.cnet.com/4835-10921_7-6557898.html
"Slated for availability in August, the AVR-2307CI looks to be the pick of the litter: it will deliver many of the core features of the AVR-2807--a current CNET Editors' Choice--at a price point that's $300 cheaper. Among the highlights of the 100-watt-per-channel AVR-2307CI is its strong HDMI capabilities: it can switch between two HDMI sources and convert any of the analog video inputs (composite, S-Video, component) to HDMI output as well. That means you can connect two of the latest HD products via HDMI (say, an HD-DVD or Blu-ray player, HD cable or satellite box, or the forthcoming PlayStation 3), as well as any legacy gear (VCR, DVD recorder, an older game console), and still need to run only a single HDMI cable to your HDTV. Furthermore, the HDMI inputs can accept 7.1-channel uncompressed PCM audio, and the receiver offers 7.1-channel analog inputs, which give you the most flexibility for dealing with HD-DVD and Blu-ray audio formats for the time being. Like other receivers and DVD players in Denon's line, the "CI" designation in the AVR-2307CI's name designates that it's friendly to "custom installer" applications, such as specialized input labeling and streamlined programming."