I have a dedicated home theater.
I spent the most money on my room treatments, speakers and amps, followed by my processor, only because it was upgradable and had unique characteristics.
Screen was a reasonable expense.
Everything else, I consider a moving target, which means I don't necessarily spend a lot (of course this is relative) on because technology will constantly improve and I will upgrade as appropriate. Items under this category include my projector, DVD player, BD player, HD/Sat tuner, remote and video processor.
The only exception to the above rule is if the piece of equipment has been deprecated, in which case, I will typically have a top-end player to play my archive of titles. An example of this would be my laserdisc player.
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