Thanks for all your comments. I didn't realize the level of controversy over Bose.
The consensus I get is that Bose is good if you have the whole system (I bought the speakers without the head unit a couple of years ago which I should have mentioned earlier). The whole wire harness from the sub seems to me to limit the size of room in which you can use the system, but I think I'll ignore the harness with the 1050.
I'm just starting out with home theater, as is my wife , so I think upgrading will be a slow process. There is hope however as she made the comment she noticed the difference between a VHS signal and the DVD player I got recently. The 1050 should help immensely with the audio portion of an upgrade. There's always hope.
I definitely will let you know how everything turns out. Thanks again for the help.
I also had another question. How does one become a Gunslinger?