Low-Fi Experience

Anybody have any recent low-fi experiences?

A buddy of mine recently went out and bought a Kenwood HT in a box set. Comes with 2 standard bookshelf speakers, 2 smaller surrounds, and the center, along with a 100W 8in subwoofer with a kenwood DD/DTS reciever.

He got it at a major retailer for about 260 bucks, about half price of MSRP due to a sale going on.

I was somewhat impressed with the sound of it.
Since my HT is history and a 2 channel system in progress, and i have no surround sound, i was thinking of picking one of these up for the living room. I still plan on building a dedicated HT, but untill then i think this will suffice, and probably even last as a livingroom surround rig for some time.

The thing is i was real suprised by how it sounded. It actually sounded pretty good. Granted, it doesent sound as good as a decent High End system, but it was not only tolerable, but rather enjoyable, and very forgivable of the shortcomings with such a handsome price.

I think alot of it has to do with the fact that Dolby Digital and DTS inherantly sound pretty good. But it really took me by suprise. Definatly kicked the crap out of any 2,000 bose system i have encountered. But not nearly as refined as my old HT rig.

Does anybody else think that Low-Fi equipment is making vast improvements with advances in technology?

anyone else have any experiences like this? Its been so long since i heard a In Box Bargain Bystem, i really wasnt prepared for it to sound as good as it did.