Gear comes at a wide range of prices, perhaps more with receivers than any other piece of home theater component. You can pick up something bare-bones for as little as $200 or go for a top-of-the line receiver that costs into the multiple thousands of dollars. NAD has traditionally skewed towards the latter, offering high-end receivers to be purchased by those that favor quality over a low cost, but T 748 was designed to cater to both. It's not a cheapo receiver that you'll find at Walmart, but at $900 it's the least expensive receiver available from the company.
The T 748 is made to suit the needs of surround sound enthusiasts and videophiles, but still with the 'Music First' approach in mind. It boasts a high-speed DSP that can decode the latest HD codecs and uses the EARS surround mode to convert stereo sources into surround. NAD's T 748 receiver is shipping now to dealers and is available at an MSRP of $900 even.