It wouldn't be my 1st choice. Maybe back in the 70s, but not now.
For a small to medium sized room I'd go with a pair of Behringer B2030P bookshelf speakers. They aren't pretty but they sound very good for $140/pr (shipped) speakers. With a decent sub and some simple DIY mods that you'll find on here they may surprise you. If your room isn't too large for these then put the savings into better subwoofer.
Or a pair of Infinity Primus P362 towers paired with a better sub for around $170ea plus shipping. They also benefit from some simple DIY mods you'll find on here but they are good bang for the buck tower for medium to large rooms.
If you just want a stereo receiver I'd look at a refurbished
Onkyo TX-8555 for $200. I think a
refurbished Onkyo TX-SR607 would be a better long-term investment.
Subwoofers are impossible to size without knowing the room size but that C-V would not be my 1st choice. The entry point is probably Dayton's inexpensive SUB-120 from Parts Express. But unless money is super tight I'd measure the room and have Hsu Research size you a sub that will fill it properly.