I did my first home theater setup more than a month ago, with some help from this forum. Glad to have come across this forum, otherwise I would have settled for a crappy setup (I was planning to get bose Acoustimass® 10 speaker system).
My current setup:
AVR: Onkyo TX-NR616 7.2
Sony BDP-S5100 3D Blu-ray Disc Player with Wi-Fi
Speakers - 7.1:
Def Tech procinema 60 5.1
2 Def Tech BP-8040 super towers (fell in love with these at best buy Magnolia)
My next upgrade would be a matching center channel (may be CS-8060HD) and then may be matching sub.
I keep visiting this forum to improve my home theater knowledge and terminology.
Feel free to comment/suggest on my setup.