Thanks a lot guys. This place Rocks. I didnt expect so many would visit this thread. Am gald that I posted my questions here. Thanks for all those who posted replies. I really appreciate your input.

I actually forgot to mention the budget when I was typing the previous one. Am looking around $2 grand to spend for the whole setup (This includes Speakers+receiver+cables etc). I would like to know what options I have.

As mentioned earlier, I am more into movies but my wife likes music. So its ore like 70/30 comapred to 80/20 movies/music.

One more question is that b/w these two which one would be a better option if space is not the main concern...
This is an example...(goes with any bookshelf vs floor standing)

Bookshelf: B&W 602 s3 (600/pair + speaker stands)
floor stand: B&W 603 s3 (1000/pair)

If u observe the price diff its $400 but again I need to buy stands (200+ per pair). So its actually 200 or less difference b/w bookshelfs vs floor stands. Does it makes sense to go for floor stands? Would there be a lot of difference b/w sound quality?

Please drop your opinion here.

Thanks