Just started to use my Panorama for movies, but it's been pretty impressive so far. When compared to a full surround sound system, it isn't as exciting, but holy cow does it make a huge improvement on movies and especially video games. I see nearly no need to use it for television though, it seems just kind of bland. I don't wanna make everyone jealous about what I got mine for, but it was a hell of a good deal and I think would qualify as "authorized theft", lol.
Question though, best bass setting for a smaller room? Bass seems overwhelming and vocals seem low. Could just be the (terrible) movie I'm watching; Jonah Hex. Maybe the film has poor sound editing.