Lwhite's list is pretty good but also demonstrates how much work can be involved.
REgarding what or how much it takes to accomplish a revealing system, starting with headphones as a baseline simplifies things considerably.
Then you can focus on teh remaining room acoustics related things needed for speakers from there using the headphones as a reference for what to expect to be able to hear.
I'm a big fan of OHm Walsh speakers as a great starting point for many in terms of being able to well integrate speakers effectively into typical listener's rooms at home in a manner that is cost effective yet revealing and will tend to naturally draw you into the music and details repeatedly when you listen.