3.) Do nothing except buy the big screen and plug it in to what you already have. Your obviously going to be much better off than you are today. Probably 90% of households in the US connect their satellites their TV's in this manner. Will it give you best audio and best sound? No. But do you have high end Denon 7.1 equipment and all high end monster audio fiber optic cable and super speakers? I'm guessing no (but it would be cool if you did). So who cares? Do it a step at a time. You can purchase the big screen today and be ready to watch the Series and be good to go. You can later start changing your wiring around to make it better if you so desire.
Of course, this is all coming from a cheap-arse!