I hate to throw a wet blanket on your plans, but, to be honest, your Home Theater system isn't the place you want to "cheap out" (Dump your wife, sell your kids to the gypsies, renounce your U.S. citizenship first ). You'll be sorry after a very short time that you didn't get serious about this equipment. There's a certain floor (and it's well over $300) that will give you what you what most people would describe as a satisfying experience. The AV123 and Hsu systems would be a good start for speakers, and refurb Denon, Pioneer, Yamaha, and Onkyo receivers would be a good electronics starter. Once you get the "addiction", the sky's the limit. Let us know what you decide.