Nice stereo setup but what about HT and multichannel options? I think you will give up very very little by going with a multichannel receiver and leaving the upgrade path directly open. It is easy to believe that you will get better stereo sound with just an integrated amp and cd player but I don't believe that is generally true. When I started out that was what I was looking at but am very glad I went with a good reciever and added speakers along the way.

Mark