I've been working on this room a little by little for a couple of months now. However, I've only been bitten by the home theater bug for a little over three weeks. Thank you very much for all of the advice and help to everyone here (especially tonybradley and darrin) my room is almost complete (for now). It's amazing how much I have learned in a relatively short period of time.

All I have left is building a speaker stand for the left front speaker, hiding the wires for the rear surrounds, mount the projector on the ceiling, and getting a longer hdmi cable for the ps3 so I can put it on the bookshelf out of the way.

Here are some pics.

Seating area.

http://i18.photobucket.com/albums/b148/LowCel/IMG_0443.jpg
http://i18.photobucket.com/albums/b148/LowCel/IMG_0445.jpg

Daytime television (55" LCD). Picture shows old sub, has been replaced with an SVS PC12-Plus (http://www.svsound.com/products-sub-cyl-pc12_plus.cfm).

http://i18.photobucket.com/albums/b148/LowCel/IMG_0450.jpg
http://i18.photobucket.com/albums/b148/LowCel/IMG_0451.jpg

Movie screen (106"). Picture is awesome, actually clearer than the LCD! These pictures were taken with my iPhone so they don't do it justice!

http://i18.photobucket.com/albums/b148/LowCel/screen2.jpg
http://i18.photobucket.com/albums/b148/LowCel/screen1.jpg

Here is the new sub, it's 40" tall and awesome!

http://i18.photobucket.com/albums/b148/LowCel/sub2.jpg
http://i18.photobucket.com/albums/b148/LowCel/sub3.jpg

Here is a list of components.
Onkyo TX-SR706 receiver
Sony PS3
DirecTV HD receiver
Roku Netflix receiver
Monoprice HDMI switcher (modified to reverse switcher from 2x1 to 1x2)
Olevia 255TFHD TV (55" LCD)
SharpVision DT-510 hd projector
Optoma DS-GWII9106P 106-Inch Pull Down Projector Screen
Klipsch Synergy F-3 Towers
Klipsch Synergy C-2 Center speaker
Klipsch Synergy S-1 Surround speakers

I am very, very happy with the way things are coming together.

Clever use of the fireplace as an equipment rack. If it gets hot in the room, do you just open the flue? :)

Clever use of the fireplace as an equipment rack. If it gets hot in the room, do you just open the flue? :)

That seems to work pretty well. However, when it gets really cold and I have to light the fire to warm things up I could be in trouble. :o

Systems sounds great. Now I'm looking forward to checking out your Projector.

Systems sounds great. Now I'm looking forward to checking out your Projector.

You will have plenty of time to check it out when you come over to help me mount it. :p

A few updated pictures.

Here is one with the screen retracted.
http://i18.photobucket.com/albums/b148/LowCel/IMG_0462.jpg

This one shows the center channel mounted lower so the screen doesn't interfere.
http://i18.photobucket.com/albums/b148/LowCel/IMG_0460.jpg

Here is the new sub behind the right tower.
http://i18.photobucket.com/albums/b148/LowCel/IMG_0463.jpg

Here is the projector mounted on the ceiling.
http://i18.photobucket.com/albums/b148/LowCel/IMG_0461.jpg

Here is my new toy, makes life much easier. Still haven't been able to get it to control the PS3 even though I have an IR converter thingy installed.
http://i18.photobucket.com/albums/b148/LowCel/IMG_0465.jpg

Nice setup love the use of the fireplace for your equipment!

How are you powering the PJ? Did you run a long extension wire in that channel molding as well?

How are you powering the PJ? Did you run a long extension wire in that channel molding as well?

Yes, I used a 40' extension cord and ran it with the 35' hdmi cable. I am not experiencing any interference from the two running together. In the picture of the projector you can see the white extension cord. The black power cord is wrapped around the projector mount.

You should try to get that center speaker as close to the front of that rack as possible. It looks as though it's too far behind and you're probably getting boominess and reflections, and it'll certainly limit your horizontal dispersion.