Excellent post Justin.
The other thing I would even be inclined to do is buy a decent receiver, and some decent speakers. Then save up for a new pair, make the new pair your fronts and move the others to the back. When I set up my system a while ago I did it piece by piece, and now I have a pretty good system.
The one thing I did was maybe didn't buy the best receiver out there, but spent the money on better speakers. Some of current speakers are over 10 years old now, and have seen a few amps. But speaker technology doesn't change as drastically as amps do.
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