Nice setup SealClubber.
Quoted from jrivelli:You have a nice big wall. Get rid of that tiny tv and even tinier speakers. Get a projector screen(fixed) and slam up a reall nice projector with some awesome speakers. I see no subwoofer for theater system, man down. Get at least 1 buttkicker, fasten to your couch and get ready to immerse yourself into movies
I have to agree from my personal tastes, but I've learned long ago Home Theater is in the eye of the beholder.