I am all over the place on this. I have a cheap Onkyo receiver and ancient Sony 5 disc changer. I just bought the pair do B&W M-1's and the sub. I know I need new hardware and had not really thought through what I was going to do. Now, I have the speakers and no clear plan on the hardware.
My budget is very flexible. I plan to stream audio from iTunes, I want a new cd player, a turntable and a power source. This is a 100% audio system. I just don't know where I should set my budget. Should it be $1000 or $10,000? The speakers and sub were $850. Where am I going to get to the point of diminishing returns?
I had a better plan when I did my home theatre. I set a budget, picked out my hardware and selected speakers that complimented them. The speakers were somewhat of an impulse purchase as we were in the process of re-decorating the room and these B&W's hds the right look for the room.