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?