By the end of this week, I will finally have a complete 5.1 system together. I added the center channel this morning, put on Monsters Inc. as a demo, and just barely made it to work ontime!!

Here it is:
Receiver: Outlaw 1050
DVD player: Sony DVP-NS500V
Monitor: Apple 17" CRT studio monitor running S-video through a Viewsonic converter box
Main & Center speakers: M&K K-5s
Surrounds: Refurbished Infinity RS-11s (these are bookshelf speakers, hand-me-downs!)
Subwoofer: Braun LW-1 (BIG!!) (another gift)
Subwoofer amp: Parts Express 150watt sub amp
Cables: Radio Shack Gold Series all around

For my little room (12' by 10' pentagonal shaped bedroom in a 3 bedroom apt in NYC), this system rocks the place. I love the sound of the K-5s and think they are a great value for the money ($125 a piece). They sound great on music and amazing on movies. They also blend very nicely with my subwoofer as proven by the test tone sweep on the THX optimizer.
If you're curious about the subwoofer, it has twin 10" woofers in a box that's about 3' long by 3' wide by 2' high. I got as a present for helping sombody else add new speakers into their system. It's truly overkill for my system but at the same time is a very musical sounding box.
Finally, I would like to add that I'm continually amazed at the sound of the 1050. It truly is in another league compared to similiarly priced receivers.