Thanks all,
I showed my boss this thread and you guys did well with the recommendations. I showed him that with the lowest price components you recommended, he could put together a system in the $600-$700 range, which he thought was about the most he wanted to put into the audio portion of his home theater. I also noted if he could increase his budget to the $1500 range, there is a lot of sound quality to be gained, but he wants to stick to the lowest price equipment. I think it should be better than any alternative in that range, such as HTIB.