I appreciate the input from everyone and I got some great ideas. I know the picture doesn't look like it, but there is a lot of space between the TV and the wall. The way the media center TV stand is set up, there is a straight metal bar in the back that goes straight up to support the TV, but then where it connects to the TV the bar comes forward towards the viewing area at a 90 degree angle. I think the media stand was designed to get the TV closer to the viewing area without moving the media center closer to the viewing area if that makes sense. There is 22 inches of space between the TV and the back wall, not quite 2 feet, but pretty close. I also have the media stand about 6 inches out from the wall to allow room for the cords and power strips behind the TV.
Jautor, I'd agree, I"d be shocked to have anyone on here recommend a smaller set lol.
DGF, a projector would be great and it seems like the perfect fit for the space. It may be something to explore in the future and I"m sure there are easy ways to work around getting it set up even though our basement is finished with drywall ceilings.
Wow Spaceman, what a perfect diagram and explanation. That was exactly the size comparison I was looking for.
Thanks for giving me some things to think about and it's great to have knowledgeable input from everyone.