An AV receiver is a compromise with regard to music performance at entry-level prices.

What is your priority, music only or a combination AV system?

BTW, I have not investigated, but I would be surprised if the Yamaha had a phono section which you will need to use a turntable.  

The cheapest AVR that sounds good is the Denon AVR 1913.  It is $399.  That leaves you nothing for speakers.  

Here is an alternate suggestion:

Pioneer SP-BS22 for $127.  I know they are cheap but they don't sound it.  

POLK PSW110 subwoofer.  $158.  This is a very flexible sub in that it has speaker level in and outputs making it east to connect to any receiver or amplifier.  Both are available on Amazon.  

That leaves $315.  Right now Needledoctor has a Cambridge Audio Topaz AM10 for $300 as an open box.  It has a built in phono stage and should meet all your needs.  I think that would be a darn good system for $585. 

Each part is a step forward from what you have and would be a step up from your suggested system above in my opinion.  This would be a darn nice 2.1 system.  You can attach your video system with an RCA cable into any one of the inputs.  

If you want the flexibility of expanding to 5.1 or 7.1 in the future, you should look at that Denon AVR1913 and get an external phono stage unless that Project preamp is a phono preamp.  Then you could get the pioneer speakers and would only need to save up $100 for a new subwoofer.  

Sorry, i missed the part about the Pro-Ject phono pre.......

regardless, great ideas from bierfeldt.

I might suggest you consider taking good care of that precious vinyl, too.

My recommendations based on my own experience.....

a Spin-Clean record cleaner

and a good carbon brush

enjoy the music

Bill

One other note, you might still use that pro-ject phono preamp.  It would not surprise me if it is better sounding than the one built into the Cambridge.  Listen to it both ways, but inexpensive, built in phono stages tend to be mediocre.  Good luck.  

A used Rotel pre with integrated phono-pre would fit the bill well, as they are known for good phono sections.

A unit like this would keep up with many upgrades of all the other components in your system.

This one is a bit expensive, but a patient search might prove fruitful.  

LINK

I don't like telling people how to spend there money but if it were me I'd purchase one component or speakers with the $600 then later, when you have more resources consider one more piece, etc.

If you try and purchase to much with to little you'll just end up being dissatisfied and wanting to upgrade it all again.

You have a receiver, a good phono preamp, and a turntable.

I think what you need are some good speakers, and possibly a better phono cartridge. IMO those are the improvements that are essential right now. The rest can wait.

I suggest that you get a pair of Cambridge Audio SX-50 speakers, which are excellent for only $250/pair (Audio Advisor or Crutchfield)

I would then spend $100-200 for a new phono cartridge. The Sumiko Black Pearl is only $100 from Audio Advisor.

I think you can wait until you have more money to upgrade the amplifier.

That cheap Yamaha receiver would not sound as good as what you have IMO. 

The Music Hall 15.3 amplifier would be a good one to shoot for; it costs $550.

In my opinion, the PSW-110 subwoofer would be a total waste of your money; it is underpowered and hardly can be dignified by the name "subwoofer'. A worthwhile subwoofer is going to cost a lot more money and you should forget it for now.

BTW- I assume that receiver is actually a VSX-411....not a DSX,

The turntable probably needs or will need a new drive belt.

You can get one at needleguy.com.

The turntable probably needs or will need a new drive belt.

You can get one at needleguy.com.