I'm an audiophile wannabe... but in the end I have too many other hobbies to truly buy an Audiophile level system. I like to think of mine as "budget audiophile".
System
Onkyo THX Receiver, 5.1
Onkyo DVD Player, optical connection/progressive scan
Onkyo Dual Cassette Deck
Speakers
Center - Infinity Beta Series
Front - Paradigm Reference Series
Rear - Paradigm Reference Series
Sub - Paradigm 12"
Cables - Monster
I think it's a decent low-midrange system, cost me somewhere around $4000.
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