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This thread will be for home theater systems priced at approximately $500 (excluding the video display).

Systems must include a home theater receiver, Blu-ray player and a 5.1 speaker system.

If you have any recommendations, please post them below.

THIS IS NOT A DISCUSSION THREAD!

If you want to discuss a system listed here, please create a separate thread and link to it here. This is ONLY for system recommendations.
 

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My behringer based $500 system is

Total Price 521.18(Standalone blu-ray player, Full home theater including a decent sub, good speakers and an HDMI repeating receiver)

107.69
1 pairs Behringer 2030p
http://www.bhphotovideo.com/c/product/321847-REG/Behringer_B2030P_B2030P_2_Way_Passive.html
(lay one on side if necessary for center, save the extra as a spare in case the kids decide to play with one.)
49.99 Onkyo DN-3XA
http://www.accessories4less.com/make-a-store/item/ONKDN3XA/Onkyo/DN-3XA-Two-Way-Bass-Reflex-Bookshelf-Speaker-Pair/1.html
179.99
Onkyo TX-SR308
http://www.accessories4less.com/make-a-store/item/ONKTXSR308/Onkyo/TX-SR308-5.1-Channel-Home-Theater-Receiver/1.htm
94.85
Dayton SUB-80
http://www.parts-express.com/pe/showdetl.cfm?Partnumber=300-635
88.66
Blu-ray player
http://www.amazon.com/Panasonic-DMP-BD605K-Blu-Ray-Factory-Refurbished/dp/B0023ZI16U/ref=sr_1_17?ie=UTF8&s=electronics&qid=1280870394&sr=8-17

It's not easy to hit the price point and maintain quality. It was much easier before TSC shutdown.
 

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This is pretty similar to what I have now (I have a 6.1 setup with some in-ceilings), and amazing sound for the price:

4 Pioneer SP-BS21 Bookshelf Speakers at $79/pair
1 Pioneer SP-C22 or 21 Center at $99 or so
1 Dayton Sub-800 Subwoofer at $89
1 Denon 5.1 Receiver refurbished from Accessories4less $129 or so

This comes to $475, so if you find everything on sale, you could squeeze in a Sony BDP-1100 for around $69

Here is a great review of the Dayton Sub paired with the Pioneer bookshelf speakers.
 

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