Biju, with a budget like that, just get one of those full surround sound kits. They usually come with at least a 5.1DD/DTS reciever, a dvd player, and a full 6 speaker set. I have seen some pretty decent ones at even Best Buy. It is in my nature to knock those kind of kits since my audio/visual setup at home runs about $18k in total, but I have a buddy who spent $900 of a Yamaha kit at Best Buy and he grabbed a 40" LG LCD tellie for about $1400, and it nearly rivals mine! Simply amazing stuff out there that you DONT have to pay a lot for. Just keep that in mind.

I am thinking of giving my mom my 48" Mistubishi HD widescreen since her tv just popped and getting myself a 65" plasma finally. Can get my hands on one under $4k finally so it may be a fun purchase.

BTW, just to get the geek factor going strong.... we are having a custom 16 FOOT digital widescreen put in at work. Along with a 160 person theater seating for it. Isnt supposed to be ready until Xmas-next year, but man, if that isnt incentive to WANT to stay and work late nights, heh.