I've had this system for a while now, and it's just excellent, the only downside is when you first see the lack of connections on the back...but once you figure out that you don't actually need phono in (as there is a jack input on the front (which is more or less the same, plus you can find cheap phono to jack leads in most places) you have HDMI (which works as the main connection point (If you have a TV with HDMI input...I don't just yet...but my uncle does and I set his up) His now plays whatever sound is coming through from the TV...and if a HDMI source is plugged into the TV it will act asa pass through, which is great, no more worrying about multiple leads (like we used to have to do with Scart's...(always hated scarts...though I'm still using them :(...old tv)
anyway, back on to the system, there is also an Optical input, which is the best way to hook up your PS3 or XBOX 360 (I have both) it's quite easy just switching between 360 and the PS3 by just changing the lead over from console to console...if you don't want to keep doing that then you may want to look into buying an optical switch (think they are on here, and not that expensive either) sound quality is amazing, when I first heard my Uncles system I thought...that must have cost over £300...when I got home and checked I was amazed to see it was only around £150
(we had "Predator" playing as a tester...the walls and floor shook it was brilliant :D)
Bass is also just something you have to experience for yourself...you would be glad if you had spent over £300 for the bass alone...it's just so rich and deep...you can turn it up or down (I have mine set to (-6db) I know that sounds blasphemous, but trust me...I don't think my neighbours could take it at the full +6db (which is a bit too powerful for my room, I've had a it a few times in the day time when I know people are out...wish I could have it that loud all the time :D) surround is excellent, as you'd expect, and playing games like COD:WAW, and Battlefield:Bad Company is just so much fun, especially when hearing the enemies shouting behind you, and beside you...even hearing their footsteps...
all I can say is buy buy buy (it also upscales DVD's to 1080p...so if you can't afford a blu ray player at this time, and own a 1080p TV this is the perfect system for you...and it's nice and cheap...:D