What I might suggest... forget HTIB, and piece it together.
Pana BD-35 bluray, $150-240. Let's say $200...
Onkyo refurbed 505, $149 (no HDMI audio, but forget that for now)
5x studio monitors, whether Behringer 2030p or KRK ST6. $500.
Sub: either DIY for a monster, or entry ID brand, $400.
That is $1,250 roughly. IOW, a 25% over-blowing of budget. But the returns on both video and audio are well worth it.
*side notes:
-use upright bookshelf for center (you'll be way ahead in the game for a first timer)
-if you have more money available, I vote to blow either more on sub (depending on room size) or nicer HDMI audio capable receiver.
-benefits of HDMI audio (lossless audio) won't make a lick of difference if you don't have nice speakers/sub. And a lot of folks say that even if you did, you still might not hear a lick of difference.
Good luck.