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Thanks for all of the advice everyone - I've decided that I just don't feel comfortable buying without auditioning any of these speakers. I am going to find some AV stores nearby that carry quality brands so I can test everything out.
That can be really difficult these days in some areas. Like in my area, San Jose, CA, 6 years ago when I was shopping for my HDTV there were a bunch of stores I'd go to in order to check out TVs/audio equipment/speakers. At least 5 of them have since gone out of business. All I'm left with is Best Buy & Fry's. There are some custom shops left but they don't have showrooms full of equipment, it's all by appointment, special order, limited selection on hand. The stores just couldn't compete vs. both Best Buy/internet. So we as a group of consumers have gotten what our dollars voted for, cheap prices but no stores to audition. So to get good value and selection, you may have to test in your own home, ship the speakers back if you don't like them. Just have to research the vendor's return policies, what you lose on shipping if anything, restocking fees, etc. and decide whether you are comfortable taking on that risk to perhaps get a bargain vs. the local AV store.
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On another forum it was reccomended since this is a huge room that I go with the highest quality L/R Floorstanding speakers I can afford with a reciever and after that is purchased then add a high quality center then surrounds then sub (or 2) piece by piece as I save more $$.
Floorstanding speakers are somewhat busting your stated budget. Also the argument against them, if you are going to get sub(s) eventually, is that the sub handles the low bass better, and can be optimized in terms of room placement, while the floorstanders are kind of stuck where they are. If you are going to end up crossing over at 80hz for the sub anyway, you aren't making use of the extra bass response of the floorstanding vs. smaller bookshelves. Some people like the look of floorstanders though, and they do eliminate the need to buy stands.
If you do go the floorstanding route, I still recommend getting a center at the same time, because you really want the front 3 to be a matching set. If you wait the company might change designs on you etc. & the matching center won't be available.