Thanks for everyone's help! I will probably wall mount the TV (always hesitant to attach things to a wall, never know if I can trust the studs and the mounts, the TV is about 70lbs so hopefully it's not too heavy).

In any case, I also saw this online at IKEA (a shelf height extender). Any thoughts on putting this over the speaker and the TV on top? It seems perfect for the VP 160 ( if you don't attach the back panel the dimensions are spot on to fit the speaker inside).

http://www.ikea.com/ca/en/catalog/products/50279815/#/70263856

Width: 31 1/2 "
Depth: 11 " (don't attach the back panel and the speaker should fit for depth, or can even let it protrude a bit with the back panel on)
Height: 13 3/4 "

VP160 Dimens. H W D (inches): 11.5" x 30" x 13.9"

Will this mess with the acoustics of the speaker by putting it into a cabinet of sorts - I would think not, especially if the back panel isn't on? I'm just trying to find the simplest way to get everything set up and avoid wall mounting if I can. If it's not recommended I will wall mount the TV.

Thanks again!