Pravin,
I am no expert by a long shot but I have a qualified opinion on the matter. Firstly, listen to Bose and see what you like. The only person that needs to be pleased is you and whoever bunks with you. Forget the bragging rights and name dropping stuff. What sounds good to you and does that sound put a smile on your face making it worth the spend. The smile test never fails. Listen to the combination and see what you think. I like Bose as part of the equation they sound great and work marvelously well. The reason why you will not see Bose in audiophile magazines can be simply put this way. Audiophiles make up at most 10% of the market and I am being generous. Bose markets to the 90% of the market. Bose is positioned in a superb manner to the consumer who does not saturate their decision on technicalities, they either like it or not.
Bose could care less what the audiophiles think because they know the market wants simple convenience due to being pressed by time. The ideal is to push one button and it sounds good. To compare Bose to the purists makes no sense when the product is for the consumer who desires ambience, panache and really good sound by ear. I suggest you give Bose a try with Onkyo you may be in for a pleasant surprise. The beauty of this approach is that you can change your mind within 30 days. However, thirty days means next to nothing if the sound makes you smile, then relax.
As far as price goes, one could make the same argument for all electronic equipment. I know I could make a strong case to not spend $5,000 for something an audiophile would approve. I too could go down the same road and say to you the same thing, its over priced and for the money its not worth it by a long shot, you can get some thing better, some thing for far less than what you would spend for ___________. Don't do it and so forth. It is for this reason, this type of criticism should fall on deaf ears, because it is not worth much more than the typed print.
Best.