I;d keep the votes going for all toshiba, reading a post here toshiba got the best budget dvd player. I think its in the news and rumors section, and there tvs seem to be one of the most reliable according to woodman (local tv expert) and consumer report (you can take that for what you like). I think you would be happpy with that. However widescreen would be nice but I don't know much about phillips.

don;t see a big need for HD especially if your going to have a bigger setup somewhere else in the house save your money for that.

Same thing goes for the 5.1 setup 2.1 would be plenty especially if the room is smaller and akward, its not worth the hassle if your going to have a bigger setup down stairs.

Good luck
hope this helps
PH