Unfortunately, the answer is rather subjective. I've heard good both 5/7.1 in that size space. Sometime, we'll be seeing a true 7.1 audio format so installing it now would be a good idea. Also, since you've ample space between the back row/wall, a 7.1 system is feasible though a 5.1 sytem could work also. Placement of the speakers will depend on the type of speaker used, mono/multi-polar. Do you have an idea which speaker brand you'll be using?