This is my current set up.
Using a Westinghouse 42" 720p, with logitech z-5500 paired up with it.
Also using my old reliable Dell Inspiron 6400 to view everything on the TV.
EP3 seats I would have to say it's temporary furnature
My budget setup comes to about 1000 bucks before tax, that's just for the TV and speakers

, this was back in the beginning of 2008.