My recommendation:
Go and buy a pair of Paradigm Titan speakers.
Reviews:
Audio Video Magazine
Stereo Review
Hi-Fi and Music
HomeTheaterHifi.com
This should put Bose’s ‘value’ in perspective, because these speakers are $219/pair.
If you’re not interested in playing movies through this system, then you only need a stereo amp. My recommendation would be to get one used, because a ton of these things are on the market after people upgraded their stereo systems to 5.1 surround. You should be able to pick up an excellent stereo receiver from NAD, Harman-Kardan, Denon, or other top-line manufacturer used for less than $500. For a CD player, I’d spend a couple of hundred bucks on a DVD player that can play DVD-Audio and SACD high resolution formats.
This is an under $1000 system that will kick the BOSE around the block. Or, you could even combine the Paradigms with a new low-end H-K or Denon AV receiver and stay under $1000.
The best thing about this system is that it’s endlessly upgradable. If you want to get into an excellent home theater system, buy three more Titans and add a subwoofer. Or use the Titans for your rear surrounds, and get some Paradigm Monitor 7’s or Monitor 9’s for the front.
The Bose is a dead end. If it dies, it’s useless. If you want to upgrade, you’ll lose your shirt on resale (I had a pair of $2700 Bose 901’s when I was younger, and when I tried to sell them ten years later, I got $250 for them).
I bought a pair of Titans almost 10 years ago, and I still use them every day. They were bookshelf speakers for my office for a while, then they became the surrounds for my theater, and then when I sold my main speakers I moved the Titans up to the front as my main speakers until I buy a Paradigm reference series theater set up. I’m still happy with them. When I upgrade the stereo, these speakers will either go back in my office, or my daughter’s bedroom. You can’t get that kind of flexibility with an all-in-one system.