Best Budget system? $500-$750 tops


Partially out of curiousity and partially because I am pondering this myself for a second set-up, can a moderately musical system be set-up for $500-$750???

Components:
CD
Integrated
Speakers

(cabling, stands etc. would be above and beyond)

Here's my submission:

I first heard a pair of Kirksaeter Silverline 60's at a local dealer and was impressed for their size and price, they were also modestly paired with a Pioneer Elite A35r integrated amp and multi-disc CDP (forget model). There retail price is $850, however I've seen them go on here for more like $300. So...

CDP - Pioneer Elite DV-45a $240
Integrated - Pioneer Elite A-35r $165
Speaker - Kirkseater Silverline 60 $300

Total - $705

How musical that system is is questionable, but for the price I beleive it would be musically tolerable. In my case the system would be background and entertaining only, so I think it would perform pretty well in those functions.

So, what's your BUDGET system look like?
jh2os
I'd go in a different direction. using new components:

CD: Panasonic DVD player ($80)
Amplification: Onkyo TX-8211 stereo receiver (seriously) ($200)

That leaves you $220-$470 for speakers, and lots of options. I'd recommend listening to whatever Paradigm and PSB have in that range, even if you ultimately decide you like something else better.

As for the (un)conventional choice of a stereo receiver, it's not perfect, but the cheapest NAD integrated is double the price, which really cuts into your options speaker-wise.

The Pioneer integrated is good if you can still find it (I think it's discontinued), and you might do better with a used integrated, but I wouldn't spend more than $200 on one for a system like this.
I second NAD and PSB; if you can find any Clements di series speakers, I'd recommend those, too. Don't forget cabling--how about mag wire/Speltz Anti-Cables? I have heard great things from trustworthy opinions.
I've been thinking about this for a while to as I'm considering it as a system for my father...

NAD 320 BEE
Epos ELS-3
Toshiba 4960 (whater model thats getting the raves on AA)

Might be possible to swing it as all new gear for that price or maybe consider used and get some decent cables/stands.

Seems silly to think I'm considering speaker cables that retail for twice what this system would cost.
I would suggest a Marantz/Psb system. You could buy a Marantz PM-7000 B stock Integrated for $349 at accessories4less.com and a Marantz CC-4300 B stock CD player there for $129. You could then buy PSB Image B-25 speakers B stock for $299(the redone PSB Image 2B) at DMC-electronics.com. Great reviews on the speakers. Great inexpensive system.
I agree with Pabelson, but did you know you can get a factory refurbished TX-8511 for 189.95? It has 100w/ch. onkyousa.com, that's for you Jh2os