We've been in our house for two years, and although it had a finished basement when we moved in, it was mostly a dull and empty space. We've replaced the 10yo DLP with a projector, added a dry bar, and brought in lots of touches like acoustic panel posters and lots of paint.
Our children are 10/8/4 and we often have lots of neighbor kids visiting too, so this theater job needed to be fairly cheap, non-fragile and maintain plenty of open space for playing.
Projector is BenQ1070 and the screen is just a quart of Sherwin Williams 8.5 gray on the drywall. So if the kids throw something at it (which will happen) we can repair and repaint it, instead of sweating over an expensive fabric screen. The picture looks good when the basement is lit, and amazing when it's dark.
The AVR is an ancient Harmon Kardon AVR-435 which still works great. It's powering two JBL ES80s, an EC35 center, and E10 surrounds. The sub is an SVS SB-12NSD. HDMI for video is routed through a passive switch behind the screen wall, and audio is through optical connections since that's as good as the old HK can manage.
Found the bar stools on Craigslist and then looked online to find the matching dry bar. All in, we did the entire basement for less money than we bought a TV/loveseat/armoire in our upstairs living room.Edited by RedLefty - 11/23/13 at 12:09pm