That's exactly what I've done, Kerosene Hat. After being on the fringes and looking in long enough, I finally started my foray in actually owning HT and "real" (as opposed to boom box) audio gear. My first step was the 1050.
I've been nothing but pleased with my decision. It does absolutely everything I've asked of it and does it very well, IMHO. I even got an extra speaker to take advantage of the rear center channel.
My next step in the upgrade path will be an external amp. I'm slowly working toward a nice pre/pro, maybe the 950. More likely it'll be the Outlaw high end pre/pro by the time I'm ready to get one though. Then I'll probably move the 1050 to the bedroom or maybe pass it down to my little girl. She's only a couple weeks old right now, but I intend to see to it that she is indoctrinated properly!