Three months out.....After three months of use, I can confidently recommend the Oppo SE and the Emotiva ERC-1.
Which do I prefer?
The Oppo is well-made, good-looking and sounds great. By a (very) small margin I prefer its low end and soundstage. You also get DVD and Blu-Ray, each as good as you could want.
But the Emotiva also has top notch sound, and its build is way beyond its ridiculously low price point. And the slot-loading just can't be beat. Let's abolish flimsy drawers!
In SQ, you would have to do stringent A-B testing to tell any difference. Both the Oppo and the Emotiva play with the big dogs at real world prices. Pick one based upon your needs and wallet.
I'm a cheapskate, but I got both -- and still can't decide on just one.