I use one just like that in my bedroom right now. I connected it with a DYNEX iPod dock I bought for $10 on Ebay. I use the same setup for my iPod into my 990 and my Harmony remote controls my iPod. I used a set of Altec Lansing computer speakers I had laying around and it sounds OK for as cheap as it is. The Dynex dock includes a remote and all the cables to connect to an analog input on the 990. It plays music and charges the iPod at the same time. Even if you went and bought all new stuff you could easily set one up for less than $100.
_________________________
Music system
Model 990/7500/Magnepan 1.6 QRs/Technics SL1200 MK2/Aperion S-12 Subwoofer/OWA3/Sony NS75H DVD
APC H15 Power Conditioner

TV System
Large Advent Loudspeakers/ Polk center/Monoprice surrounds/Panasonic Viera 42 inch/Onkyo HT-RC260/Sony BDP S590/Directv


Home Theater System
Onkyo PR-SC886/Outlaw 7125 Klipsch RF-82 L/R,RC-62 center, RB-35 SR/SL, BENQ HT1075, Outlaw LFM1-EX/OPPO BDP-83/Directv
Harmony ONE
Blue Jeans and Monoprice interconnects
APC H15 Power Conditioner