1) The inputs on this receiver are just the red and white plugs, will this give me surround sound?
*If the unit has a DolbyProLogic logo on it, you will get the older 4ch surround
2a.) What would be the best way to hook a Playstation 3 up to this receiver?
*Just the good old red and white rca's into the aux or video input of your choice.
2b.) My television (a 42" Vizio LCD model) has the RCA red/white outputs. Would it be possible to hook the Playsation 3 up to the TV, then the TV out to the receiver and still get surround sound? (My PS3 is hooked into my TV with an HDMI cable - I think that I may have an RCA plug for the PS3 somewhere)
*I do not think the TV will pass the old PL soundtrack to the receiver, I would connect the audio to the receiver independently.
3) Was it a bad decision to buy the receiver (and remote) alone for $20?
*NO! how could it be it was $20 w/ remote! I paid 150 for just a remote once
4) What would be a good speaker set to get for the receiver? (the receiver is rated at 210W)
*Just 4 floor standing speakers and a center would work, you may want the rears to be smaller, bookshelf size, if the receiver is ProLogic, but it would help if I knew how many watts it puts out? maybe 50-80 I would imagine. get a set of speakers with the higher 91db sensitivity.