Need help to reconfigure my system

Okay ... i'm not exactly the most balanced person you might meet. I buy stuff on a whim, and repent at leisure.

With that much intro, lemme start off with my problem in hand.

I've way too many equipment. And more are on the way.

Here's what i have at home -

46" DLP Samsung TV
GR Research AV/3 Floorstanders
GR Research AV/3 Kit (unassembled)
Athena Technologies Point 5
Hsu STF-2 Subwoofer
Onix SP-3 Integrated
ASL Wave Preamp
Teac AL700P
Sony STR DA777ES Receiver
Sony SACD/DVD player
Luminous Audio Passive Preamp
Insignia Bookshelf Speakers
Another DIY Floorstander
Monarchy Audio SM-70 Pro

Whats on their way (!!!)-

Onix X-LS 2 pairs + Center
5 Mirage Omnisat Micro

I can assure you i wasn't smoking anything when i ordered any of the above !!

Check this out - I stay in a one bedroom 750sq ft apartment! And my living room where all the above equipment is housed is just 12'x13' !!

I'm fed up of seeing all that equipment, and having to listen to taunts from my friends who come home. As you
can see from my list above, there is no pattern to my buying, and also that not much thought has been put into
what i buy.

My idea now is to reduce the clutter to the absolute minimum without giving up on audio quality. I've reached a stage wherein I simply am not able to make up my mind as to what to keep, and what to get rid of.

I want a simple HT system that can double up as a great audio system too.

I listen to all kinds of music with the exception of rap/hip-hop/country.

Can you please suggest as to what i should do? I am too overwhelmed to think clearly.

Thanks!