Do we really need anything more than 8" woofer and 1" tweeter for medium size room?

I think that most listeners especially older ones like myself understand, there seem to be two types of bass sound, the big woofer sound, fat not deep but move lots of air and seem to fulfill most listeners of that enjoy that genera. The newer style is the smaller woofer that is fast and tight, more accurate, but not as big of a sound. Which sound that you prefer 

Number 2 with two subs :-)

Inna

That is the key isn't it. The goal for  me is to enjoy the music. To hear a high resolution system with no edge, no noise, not analytical and produced in a way that is sounds like it is playing music for me and not just a big expensive PA system. Make the music accessible.  

Get yourself a pair of these... and... you'll end your search and your questions.  

Very few speakers sound better at less than 10+ times more money.  Truly phenomenal sound, which rivals the best there is.  Not my opinion - the opinion of many, many others who've sold their "high-end" speakers and replaced them with these.

http://www.wavetouchaudio.com/GT.html

http://www.stereotimes.com/post/wavetouch-audio-grand-teton-loudspeaker

Though, I agree with them.

Would I rather have the top of the line Nola's, or GamuT's - sure... but... not at their lofty prices.  

Only experiencing them will convince you... but, you will be convinced.

Whatever else they might be, they won't do bass. Without sufficient bass no speaker can be called phenomenal. With a pair of great subs, then it may be quite a sound, I don't know.
And we are not talking about prices and value, cost is no object in this discussion.