Hi,

I'm looking to build a home AV system - this is my first attempt at
the task.
After some confusing research, I have decided to take the following
path:

STAGE 1

1. receiver
2. center and rear speakers appropriate to the receiver

STAGE 2

maybe 2-3 months down the line after saving a bit

1. sub-woofer

STAGE 3

1. a new CD and/or DVD player to replace my current one

I am not sure how much of a difference buying a new and high-end
CD/DVD player makes to the sound quality (not too worried about video
quality).

I need advise on whether my approach seems ok. Will the system after
Stage 1 be good enough for normal hearing as I plan to add a
sub-woofer much later.

I like the reviews and specs of the Denon receiver (and its sub £200
price - just what was looking for). Any other recommendations are
welcome.

I am completely lost in deciding which speakers to go for - so far
Wharfedale Diamond 8 Center Speakers and DFS-18 Diffuse Rear Speakers
and the Monitor Bronze range seems to be around my price range
(actually somewhat higher that my range but I think the price might be
worth it - both the sets are for around £300 in all, while I was
initially hoping to spend around £200-£250). Any other recommendations
on speakers are welcome.

Thanks