Here are some pictures of my setup in my room.
32" LG TV (32LG20) - $530 (Boxing Day 2008)
Yamaha 5.1 Channel Receiver (RX-V365) - $220
PSB Alpha B1 Speakers - $150 (Floor model)
Sony 40 GB PlayStation 3 (CECHH01) - $400
Dual CS-515 Belt drive, semi-automatic turntable - $5

I also occasionally use my MacBook (not pictured) to stream media to my PS3