First off - stereo mains placement:
You should experiment a bit with the placement of your main front speakers to find what sounds best, but a couple of guidelines:
Speaker height should be such that the tweeters (high frequency transducers) are at ear height in the listening position.
Increased distance between the two speakers will result in a wider soundstage (better stereo separation). If you increase separation too far, cancellation at the listening position will become dominant.
Wherever you place them, angle them towards the listening position.
As for the rears, it is entirely possible to have a surround setup without a center channel (phantom mode), but the ideal placement of surround speakers is up high (seven feet or so), and not actually behind the listening position, but rather just slightly behind of directly to the side.
If you are using the rears as reinforcement on the same stereo channels as the mains, the same issue applies with respect to tweeter height, but your soundstage will quite likely go right out the window - whether this matters to you or not depends on how you like to listen to music. In a poor listening room (from an acoustic standpoint) you may not have good definition anyway, in which case you may as well use the additional pair of speakers to average out the frequency response curves. (What this means is that, since every speaker has a slightly different frequency response, small bumps and dips will cancel out at the listening position due to interference when more speakers are used). If you tend to move around doing other things rather than sitting in one spot listening, good stereo definition is probably not what you’re really after. Read on…
What you will notice as you move around the room, is that the sound you hear will seem to be coming from the speaker closest to you. This is due to “time alignment”, or lack thereof. If the balance control, and/or the fader if present are set to the center position, the only place in the room where you will hear sound at equal volume from all speakers is in the center. To solve this, you have two options. The first is to use very expensive time alignment electronics to get the sound you want. The second is cheap and deceptively simple: simply take advantage of the phase shift that occurs when speakers are wired in series (approximately a 15 degree phase lag), and wire all four speakers so that no pair is in phase, but not in direct cancellation either. You will have speakers in 0, 15, 195 (by switching polarity) and 210 degree phase, respectively. The end result of this will be sound which permeates the room at all listening positions and makes it difficult for a listener to tell exactly where it is coming from, regardless of his or her position in the room. The tradeoff, of course, is the absence of stoundstage definition.
Hope this helps.
-FK