Not too bad, but some curious items in there: why have bipole speakers and in-ceiling? The inclusion of the in-ceiling will sound like nothing on top of bipoles. I would just go with bookshelf speakers for surrounds anyway, they will be cheaper and better. The Oppo blu ray player is nice, of course, but you can get something that will playback blu rays just as well with a few less features for a lot less money. Also, for a real home theater, a projector system will be much better than a 55" TV. I say go for a OPtoma HD33 and a DIY screen, that will cost less than the TV and be worlds better. The sub is unimpressive, its alternatives are not bad but I would rather have something that can get loud. Sign me up for a Rythmik FV15, Hsu VTF3 or VTF15h, SVS PB12+, or Outlaw LFM-1 EX. Or maybe also an Epik Empire. The power conditioner is unnecessary, I would just place a UPS on a projector, or also HTPC if you have one. With a few alterations of some choices, I think a much better system can be had for the same price.