These items I picked after reading reviews and taking into consideration other opinions.
These items are the best in the fields with a moderate budget in mind.

Speakers - $7000
Front - 2 x B&W 683
Centre - B&W HTM62
Sub - B&W ASW610XP
Surround - 2 x B&W DS3
B&W website


Receiver - $6195
Integra DTR 9.9 ( high end onkyo)
Integra website


Disc Player -$1000
Oppo BDP - 83 blu-ray disc player
Oppo website


Considering the price of the items, a budget version setup might be to buy only the front two speakers and possibley a simpler ONKYO reciever and a basic blu-ray player. Getting only some of the speakers and buying the rest of the set later is a sure way to make sure you have a qaulity setup from the get go.