I just purchased this unit: LG BH9220BW
But at half the original suggested price ( from 6 to 3 hundred dollars), a little more than you wished to spend (even at half price) but a lot for the money. It was at a tent sale at Paul's TV (local N.E retailer). From what the sales person said, these are being replaced (as is the nature of the beast) with newer units featuring the Arimid fiber speakers. You might be able to find this unit at other vendors in your area.
I had a TIAB at the price range you're seeking now (DVD), and while it did the job, it wasn't nearly as sophisticated or well sounding as this more higher end one. I'd highly suggest looking for this type of "deal" or expanding your budget slightly. If this unit is anything like mine but even more improved: LG BH6830SW
, it probably won't disappoint. Considering you're other hardware listed that well could be the case with an entry unit.
I know more expensive is always better and there's no limit, but if you move yourself into something that's not an entry unit you can get quite a bit more quality and features. I have a new LG plasma and my new TIAB integrated with it perfectly. ARC and the CEC worked as advertised. Although I use the optical (with the click of a single button) for some broadcasts.
The passive woofer is a tad of a let down. But these new systems, to my ears seem to be quite robust. I have an old Yamaha NaturalSound surround receiver (and an even older Sony) combined with some JBL speakers. I was considering resurrecting them in conjunction with a BD player. But these TIABs have made such improvements it wasn't worth it (considering the codects and integration).
I don't think you'll be dissatisfied with the unit you posted if it sounds like my new TIAB, but some bargain hunting or expanding your budget will reduce the chance of that happening.