Is anyone aware of a 2 channel preamp....

So you know, the 2 sub out is usually just a convenience. It is not usually electrically superior to using a Y-splitter.

Parasound has the P5, P7 (recommended) and now the NewClassic 200

http://www.parasound.com/200_Pre.php

I also think the Zpre has a dedicated HT bypass input.

Best,
E

Forgot to mention, read the docs carefully. The P7 has bass management, but in HT mode, it disables it's internal bass management in favor of external.

I have an Outlaw ICBM-1 that I am not using and maybe time to sell. Might get close to where you want.