Does it sound good? If it does it's good for you. Some people would love a setup like that and some people wouldn't even consider buying such low-end equipment. The point is, if it sound good to you and you're happy with it then it's good.
If you are thinking about purchasing it, definitely listen to it in your own space to make sure it's what you're expecting. I have JBL speakers and I think they do a great job with movies. The receiver is a great receiver in its class.
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