Speaker priority: high or low???

I have been reading the threads here for some time and following many of the discussions. During an interchange with another well known AudiogoNer we were commenting on peoples tastes and priorities. The discussion turned to speakers and he made the comment "many people on AudiogoN still think that speakers are the most important piece of the system." I was floored by his statement.
I'm not trying to start a fight with anyone and people can see what I have previously posted about this and other subjects, BUT are there still a lot of people that share this opinion?
Do you think the most important componant is your speakers? If not, what do you consider to be the most important? Why do you place so much emphasis on this componant?
I sit here playing lp's through my herron phono stage equiped with some new cryro tubes from Brendan at Tubeworld, in dis-belief. Paul is correct, it all matters. The problem is that you just need to sell your cars and kids to play this game. I am down to 2 kids now, I will miss the Honda.
Common Audio Sense -- (Apparently) A Minority Perspective

To say that the transducer is the most important part of a system is understatement.

I would wager that most of us would have little problem in identifying speaker "A" over speaker "B" from two rooms away. I would also wager that those of us who believe that the amplifer is what molds the sound of a system would not be able to consistently determine the differences between or identify one quality transistor amp from another in a controlled double blind --- or to conssistently diifferentiate between one high quality tube amplifer and another under the above described conditions. This position, of course, assumes that the amplifiers measure well and are of the same approximate wattage and current ratings as well as input sensitivities.

System synergy? I don't deny it exists. However, all too often it is a euphemism for the equivalent of an equalizer. That is "compensating," for example, for an overly bright forward sounding speaker with a polite and rolled off tube amplifier.

On a more positive note, I do agree, in part, with Beemer. The room is very important and sometimes the only way to upgrade is to move. ;>

I also agree with Beemer. It is not just 1 piece that makes a system, it is how all pieces work together. Spend $5000 on an amp, $5000 on speakers, and $200 on a cd player or $200 on a turntable cartridge, you get crap. An amplifier nor speakers will not make a bad source component sound good. I have heard other people discuss that the most important piece of equipment is the source object itself, be it a cartridge, cd player, dvd player, etc.... A nice amplifier will amplify crap to louder crap. Hook up a pair of NHT superzeros to a Levinson or Classe monoblock amp and you will not get any more low end than hooking these speakers to a smaller integrated amp.
Just a note, Paul: It is not tube amplifiers that do not have flat response within the audioband - most do, as do amps in general. It is some speakers possessing uneven or reactive electrical impedance characteristics that will display slight deviations from flat response when driven by tube amplifiers, or by some SS amplifiers that eschew high levels of loop negative feedback in their designs.
I believe the room, speakers, amps, etc. direction of priorities is the way to go. I feel that the room and speakers need to work as one. In as much as you may like the sound of a speaker at a dealers, they may sound awful in another room. It's almost an electro-mechanical interaction. Speakers need the right amplification to perform properly. Personally I think speakers should be sold with outboard crossovers preceding appropriate amplification.I also find that speakers tend have the greatest variation in sound. This indicates to me that speakers are perhaps the most colored component in the chain. It's important that you find speakers with colorizations that offend you the least. I always find it interesting when I see post's asking for help choosing speakers around a particular amp. To me that would be like choosing an automobile to use with a particular gasoline. Now if you only had leaded low test available, that might make sense. I doubt that many have such an issue. Another cliche' we often see is "garbage in, garbage out". As far as I'm concerned, if you contaminate the system chain at any point you'll have garbage out. Just my humble opinion, to each his or her their own. We all find our own path to happiness.