The center channel needs to go down at least as low as the crossover setting in your receiver/processor. Typically, it should be solid (-3 dB) down to 80 Hz or lower (the lower, the better, but it is not essential that it go lower than this).
I personally use identical speakers all around (you don't have to purchase a package set; you can purchase 3 or 4 pairs of speakers and use them). I will never again use a speaker that is different for the center channel, as there is no voice matching better than an identical speaker. In my case, they are all two way "bookshelf" speakers:
http://www.kellsieavdesign.com/products/Leisure2SE.htm
The deep bass is handled by my subwoofer.
If you have a TV that uses a CRT (picture tube), you will need to be concerned about magnetic shielding if you want the speaker placed close to the CRT, though it depends on how close, the exact TV, and the exact magnetic properties of the speaker. With any other kind of TV, magnetic shielding (aka "video shielding") is unnecessary.