Spending my bonus!
It seems that my hard work at O2 over the last year and a bit is about to pay off. I mean this in the purely literal sense as it is bonus time at work. I managed to get an excellent apraisal and I am in line to receive a pretty sizable lump sum! I have decided that this shall be put towards building a relatively starter style home entertainment system. I am new to the whole thing and I have a really small house so I have not gone for anything too flash and a couple of items are still up for discussion – namely whether I sghould get separate games console and Blu-Ray player or plump for the PS3. A lot of articles and pundits have repeatedly opted for the PS3 as the idea source for a low-end system but I still have my reservations about its ability as a console. I will be looking to upgrade they system with a larger TV (ideally full HD) when I have a bigger living room. I fancy adding a full HD projector at some point for those move and sports nights I envisage 
Layout
The full list is as follows:
TV: Samsung LE32B450C4
AV Receiver: Onkyo TX-SR507
Sources: Samsung BD-P1600, Sky+HD, Xbox 360 Elite, Custom built Media PC
Speakers: Tannoy SFX5.1
Congratulations on all the hard work paying off! Can’t really advise one way or another with regard to which games console you buy, since I don’t have either, but you could get both!
I am very envious of your new toys!
Wish I could afford both! I can’t quite afford all of the above in one go. My bonus will cover the telly, blu-ray palyer and maybe the xbox. The rest will have to wait to be bought – hopefully will have the lot by end of December. My current media server is showing its age (an old linux workstation I got second hand when the School of Computing at Leeds upgraded) so I was looking for a replacement when I decided “why upgrade just the server when I can upgrade the lot!”.
Looks good! I would recommend upgrading your sub to this however as not only will it give you better bass it will also double up as a box to put Lil in
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@Chris Worfolk
It is pretty impressive. The receiver only supplies 130W per channel though, so wasted on an amp like that. Also, it would demoslish my house.
Mmmmm … Bass!!
But please dont put me in a box
Im scared of the dark and confined spaces! Also, please lets not demolish the house .. 
Also .. 360 ftw!