Hi all. I'm a recent grad that just moved into his first tiny brooklyn apt and I would like to purchase the best possible stereo system for a room that's 10 ft by 17ft. For the most past I enjoyed the Bose acoustic wave, but found its bass lacking and did not like it's performance with rock. Oh I should mention that I would like to spend less than $1000. All I can afford right now.
At that price point, I would probably consider Magnepan MMG:
http://www.magnepan.com/model_MMG
I see that they have raised the price again, and they are now $599/pair. You may or not be satisfied with their bass output, however. As they are 4 ohms, one would need appropriate amplification:
http://www.partsexpress.com/pe/showdetl.cfm?&Partnumber=248-749
A preamp:
http://www.partsexpress.com/pe/showdetl.cfm?&Partnumber=302-606
Add your favorite budget CD player, and inexpensive speaker wire and interconnects, and you have a rather good approximately $1000 system.
If you are willing to buy used, and are not in a hurry, I would consider a good vintage receiver (e.g., Pioneer SX-1250, etc.) in place of the amplifier and preamp, and Aurum Cantus Leisure 2SE speakers (preferably U.S. version, but at your price level, I might settle for the international/"generic" version):
http://www.kellsieavdesign.com/products/Leisure2SE.htm
Sometimes they go for surprisingly little on eBay, though occasionally someone misrepresents the version they are selling; here you can see how to tell them apart:
http://www.kellsieavdesign.com/products/US_vs_CH.htm
If there is ANY red Chinese lettering on the back plate, it is NOT a U.S. version. It should mention Kellsie Audio & Video design on the back plate if it is a U.S. version.
Whatever you do, make sure you focus on getting quality speakers first, as they will impact the sound more than anything else (unless the something else is defective).
I also recommend staying away from tubes (and yes, I have owned tubes, and still have something that uses tubes). If you are interested in tubes, you should do a lot of research on the tubes vs. solid state debate BEFORE YOU BUY, making sure you read things written by both tube lovers and tube haters.