A properly set up stereo system can't be beat (in my experience). What I have heard in regards to surround sound was gimmicky, at best. It was not natural sound. I've never experienced sound coming from my sides or from behind unless I was turned away or around from the source.
Might as well get one of these if you want to immerse yourself:
This Disney-fying the sound is not my cup-o-tea either.
All the best,
Nonoise