For being a home theater in a box (HTIB) and for the price, this is a pretty good sounding system. I have seen it online for a little cheaper, but still not a bad price at $459.99 at CC.
Most people here would recommend purchasing seperates to generally get a better sound for the price, but for as little as $399.99 online it may be difficult to put together a full 7.1 system such as this.
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Samsung 50" 1080p DLP
Yamaha RX-V659
JBL L880 fronts
JBL LC1 center
Bose cube surrounds (deciding on JBL L820 or L830)
Samsung DVD-HD960
JBL CVSUB50
JBL SUB135