Join Date: Jan 2008
Location: San Francisco, CA
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The new lower end Pioneers have been getting great reviews all around and are well within your budget for your living room. They can even be had locally at one of "those" big box stores.
Also, being the KEF fan I am, I see that KEF has their KHT6000s on clearance for $150ea. These used to roll around the $500-600 range. They aren't a big super dynamic speaker, but for their size they are quite surprising and do sound very good. I'm throwing this out there for the more compact/wall-mount friendly offering since it seems like that is what you were kind of going for.
LG 55EC9300 - MartinLogan Ethos - MartinLogan Motif X - B&W 685 S2 - B&W AWS610 - Anthem AVM60 - Parasound A31 - Parasound Zamp v3 - Oppo UDP-203