The only reason to consider that Bose system is if you cannot accommodate 5 speakers for some reason. I'd also stay away from any system employing single-driver satellites. You can buy a name-brand (e.g. Sony, Yamaha, Pioneer) receiver for under $200 if you shop around (check J&R), plus a DVD player for $50-60. For speakers, go with Paradigms: 4 Atoms, a CC-170, and a PDR-8 sub. The whole kit should cost you about $1200.
Cheap HT and, forgive me, Bose
I keep my music and TV systems completely separate and don't care much about the TV. But, for reasons I'll spare you, I'm thinking about a very basic, cheap, easy-to-set up HT system for one room and find the alleged simple, wireless, DVD player included Bose 3.2.1 GS Series II appealing in concept at $1100. However, have picked up on the fact that no one on Agon seems to have much regard for the brand, was wondering what other recommends the board might have.