mvealey said:
I'm looking to keep this within $300 to $400 but not all at once. I'm going to have to bargin hunt like crazy.
My problem is I know nada about the whole HT world so I'm not even sure where to start.
Your budget is pretty tight for a 5.1 HT system. You won't find much at that price for 5 speakers and a sub. I suggest you check
www.audiogon.com or ebay for used. HTIB is about all you're going to find new in that price range. If your comment means you don't have $300-400 right now, you'll have even more difficulty putting together a good system. The only option I'd recommend, if that's the case, is to watch ebay for used or vintage speakers such as Boston Acoustics, JBL, Mission, Infinity, etc. If you see a couple of bookshelf speakers in good shape, get them and add to the system as you can.
If you can go a little higher, this is a good system, but it's $559 shipped and includes a 20' sub cable.
http://www.hsustore.com/vt-12-stf-2.html
Good hunting and welcome to the forum.