Thanks Matthew,
I appreciate the suggestions, I'll probably end up holding onto the AR15's now. Your suggestions are incredible, but a little to high in terms of price. I did some quick research and found this setup as a compromise.
Since I'm really doing this to cut down on space, I'll be losing the center channel and rear speakers. This is fine as the system itself will be used primarily for music. The Onkyo TX-8555 seems to have the same power output as the two you suggested, and is a little cheaper because it's a stereo receiver. Do you think this substitution will suffice in terms of power?
crutchfield.com/p_580TX8555/Onkyo-TX-8555.html?search=Onkyo+VENDORID580&searchdisplay=Onkyo&tp=179
Also for a sub, the SVS NSD is a little too pricey. I found a well reviewed Infinity (PS28) that may do the trick. What do you think?
crutchfield.com/p_108PS28BG/Infinity-PS28-Black-grille.html?search=home+subwoofers
I'd love to get your feedback. Thanks again for the post!