There is nothing wrong with the 1050 for home theater if you are using a 6.1/7.1 configuration (avoiding the drop-off problem that occurs in 5.1).

FWIW, I replace my Yamaha with a 1050. The Yamaha had more bell's and whistles and more flexibility but the 1050 sounds better. I used both with an external power amp (Parasound 1200-II 205wpc) for the fronts.

When I eventually upgrade, I will give mine to one of my girls or use it for a bedroom system.