AVS Forum Special Member
Join Date: Oct 2010
Location: Somewhere in New Joisey
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The MLT-2 system will be hard to beat for it's current price (BTW, that link you have takes me to an Amazon page where they're selling for $333, not $360). As is the case will all of those type of systems the sub will only be OK, and the tiny midrange drivers will lack some depth, but to your door for less than $350 is a heckuva deal.
If you want to go with something a bit more potent then 3.1 is a good choice, with the Pioneer or Infinity speakers and the Klipsch subwoofer. That setup would be really nice in a room that size.
If you take yourself too seriously, expect me to do the exact opposite