Thank you everyone for your input on the several threads/posts that I created trying to figure out the setup I was going to go with. This community has been such a big help. My first 5.1 setup (eventually will be a 7.1 setup) is:
Receiver: Denon 3312
Front (L/R) Klipsch RF-82 ii
Center Klipsch RC-62 ii
Rear/Surrounds Klipsch RS-52 ii
For now I believe I will be going with either the BIC F12 or Polk PSW505 for the subwoofer, only because of a limited budget. I will most likely upgrade the subwoofer at a later point.
Thanks Again for everyone's help. I really look forward to having my new surround system!