This is the best value on a budget I have seen.

This low cost system is a rival to systems costing much more.
I bought this system cheap at Walmart to tide me over till I could afford something better. But I have discovered that I don't want anything more. I have a small acoustically difficult living room.(The speakers are placed equally spaced from one corner and the rear speakers are diagonally in the opposite corner). The system comes with a built-in calibration system with an included microphone. Plug in the microphone and connect it to a camera tripod (or whatever you have to get it at ear position) at the listening position. Then press the auto calibrate button and the system adjusts channel gain, and delay for each speaker. Leaving you to input speaker height (high or Low). This extraordinarily accurate speaker timing more than makes up for any short comings. Listen to Seven Bridges Road in DTS on The Eagles-Hell Freezes Over DVD and you will hear just what I am talking about. The system includes both optical and coaxial digital inputs and has a DTS decoder. (You can easily connect digital out on your digital TV and digital out on your DVD player.)