Hiya,
First off, I've been out of the audio "knowledge" if you will for some time.
The last component I bought was a Nakamichi
reciever some 15 years ago. I'm in a new home and am looking for some help
in deciding how to outfit it. I'm leaning towards
a Home Theater type setup with a Yamaha RX-V650 (or maybe the 750....I'd
still like to listen to my vinyl) to start. I should mention,
neither me or my wife are audiophiles and I really don't want to spend more
on the system than I did on my house! A few dilemmas I was
hoping to get some advice on:

1. Will this receiver work ok to play audio cd's? I know it's largely
geared towards DVD's and home theater but was hoping it would work
ok with audio CD's as well.
2. The receiver is probably a bit of overkill actually for my application.
I won't be able to run rear speakers unless wireless and my understanding
is wireless units are still pretty poor. I'm hopeful that a few years down
the road, there will be wireless speakers that are decent. I can't run
wiring in the location, hence no rear speakers.
3. What sort of speaker setup would you recommend for this application
given #2 above?

Any other general advice you may have is most appreciated.
Cheers,
jlc