I love home theater. Call me crazy but I just don't feel right watching a movie when the lights aren't dim, I'm not surrounded by speakers, and I'm not sitting in the middle of the room. That's why I like movie theaters so much. But I'm slowly but surely approaching that kind of quality at home. Right now my system is pretty static, as I've just gotten a new job and don't have the money for any upgrades. Here's what I've got going on:

Sources

DVD: Panasonic A110. It's old, but it still works. On my TV, I won't be able to tell much difference between this and a higher model player. It will be my first upgrade however. Hopefully to the Pioneer Elite DV-47A.
VCR: JVC HR-S4800. You still need a VCR these days. There's just too much on tape and if you're going to bother might as well add S-VHS capability.
Turntable: Denon DA-26F. Vinyl isn't dead, it only just seems that way.
Cable Box: Motorola DCT2000. Sevice by ATT.

Output

Television: Sharp 32U-S600. It's not great, but not horrible either. It will accept a component input, so when I upgrade the DVD I won't be at a loss. And it will tide me over until I can purchase something like this.
Reciever: Outlaw 1050. This is one of the finest recievers I've ever heard, especially for the price. As an added bonus it makes a fine preamp, so it will serve me well on my quest for seperates.
Speakers: Klipsch synergy series. The speakers I have have been discontinued but you can see them here. Mains, Surrounds, Center, and Subwoofer. This is something that will be upgraded sometime. I'll probably stick with the Klipsch family though. Probably Something out of the Reference Series