Go Gallo all-around. Ref. 3.1s up front with a Ref AV Center and 2 Ref Avs in the rear. Complement with the Gallo woofer and you're set. Purchased off Audiogon should put you in the $5k ballpark...
How about a surround system with all omni-directional speakers for under $5000?
Take a look at www.ohmspeakers.com.
I'm not a surround sound kind of guy ( I have a simple 2 channel A/V system in addition to my main audio system), but if I were, this is what I'd probably be considering. I never really considered it but I own enough pairs of Ohms (3 pair currently) to do it if I wanted, I suppose.
Well, I am not sure about the rest but I would go full range ( or at least very close to it ) all around and sub only for .1 effects. Especially true if surround music is your cup of tea. There is no substitute for full scale presentation IMHO.
Also , if movies is all that you need them to do well - go THX all the way but most speakers that excell in music reproduction are also great for Hollywood crap. If you are going to go with small monitors , they all should be the same in all aspects.
For movies only - I like M&K THX all around. For music.....I like my own AAD 2001 monitors that reach down to 30Hz and you can always add their sub later. However that setup ( 5 monitors would cost you around 5K - given that dealer would give you a price break on the package of 5 ) . This set up would be funtastic IMO, based on my experience in stereo mode since I am not much of videophile myself.
Cheers and good luck
I ended up getting an incredible deal on Focal speakers at a local tweeter store, and picked up a Panamax power conditioner as well. What subwoofer do you recommend for my system? Tweeter did not carry the SW908 that matches my speakers, so I think I might need to go with another brand sub:
Pioneer Elite VSX-84txsi receiver (msrp 1500)
Pioneer Elite DV-48av dvd player (msrp 300)
Panamax M5400-ex power conditioner (msrp 700)
Focal Profile 918 front towers (msrp 2000/each)
Focal Profile CC908 Center (msrp 1700)
Focal Profile 908 bookshelf rears (msrp 1150/each)