$11k is considered a "Budget Highend System"? Who's budget is this - Bill Gates? A budget system for most audiophiles I would think is around $3k, at least in my demented mind. My system:
Hyperion 938 speakers ($4500 retail, but can be had between $3500-4000 after dealer discount).
Jungson 88D Luxury Edition Integrated Amp ($1500, the smoothest class A SS amp I've ever heard, but soon to go up to $2000-$2500 as Jungson now has a US distributor)
Eastsound E5 CE CD Player ($710 for a CDP with discrete class A output, TCCO clock, Wima caps in PS, etc from Hong Kong via Cattylink.com, comes with highend silver powercord from Analogue Research)
Crystal Clear Studio Reference Silver Speaker Cable ($350 when I bought them a year ago, price has gone up significantly)
Crystal Clear Studio Reference Silver IC ($200, price has gone up)
Total: About $6300 for my "super budget" rig by IER criteria.
All my electronics and speakers are from China, pretty much the best China has to offer at the moment. It is the best sound I have ever obtained in my 20 years in this hobby. I used to own Maggies, Apogees, stats, Threshold electronics, Audible Illusion preamp, etc.