This is my entry level home theater
Denon AVR-587 (im currently using 7.1)
Pioneer 3-way main fronts (for old speakers these actually in my opinion sound really good)
Sony center and surround speakers
My cheap 8" sub (this will be the first thing that I get when I upgrade)
Samsung 50" plasma TV
Modus TV stand (I picked this up at a closeout store for cheap, very nice looking stand)
Xbox 360
HD DVD player
Logitech harmony URC
9 acoustic panels throughout the room
All HDMI and fiber optic cables being used
Over all I'm happy with the sound, I know it can be way better. Over time and saving some money I will keep doing upgrades!!