As I teach my students, the truthfulness of a statement does not depend on who is making it, (let alone on the content of their living room). However, I don’t mind. I have two serious systems:
1 main system in the large living room
Speakers: Quad ESL 2805 (at full range), with B&W PV1d subwoofer and Antimode 8033 room eq. Crossover at 33 Hz, and 4th order slope.
Amplifier: Quad 33/606-2 (both refurbished, of course). The pre amp had its input senstivities modified to match modern sources (this is very important).
Sources: a modest Panasonic BD player, a Panasonic Plasma TV, a Chromecast Audio.
Souces still connected but no longer used: Linn Sondek/SME/Shure V15iii turntable, and Quad FM3 tuner (I now use internet radio for its superior sound quality).
And for those of you who are interested in cables: ordinary heavy duty speaker cable and quality interconnects with Nakamichi connectors, put together by a pro audio engineer.
Upgrade plans include firstly a second sub for even smoother response, and perhaps a DSpeaker X4 pre amp for improved room eq and its inbuilt DAC (but maybe it will be an Oppo 205). The Quad 33 is getting a bit long in the tooth.
Secundary system in my 18 sq m study
Harbeth P3ESR as desktop speakers, raised to get the tweeter exactly at ear height (crucial for all dynamic speakers, and often overlooked).
Amplifier: Quad 405-2 (refurbished of course), input senstivity lowered by inline attenuators.
Volume control: Emotiva Control Freak
Source, desktop PC, with external ODAC usb dac.
Because the speakers still had a slight bass boost as a result of the proximity to the desk surface I equalized them a bit with the equalizer APO.
So as you can see I live by my conviction. Also, I am not one prone to the upgrade virus. My first system was QUAD esl57 with the 33/303 and that Linn SME combo and that was in the mid seventies. I later added a Philips cd player, subsequently replaced by a Marantz unit when we wanted a DVD player and similarly now the BD player. If and when there will be enough UHD video content, I will probably replace that with an Oppo 205 (perhaps also used as a pre amp). For years, the system in my study used the Rogers LS3/5a monitor, until I replaced it by the far better Harbeth P3ESR.
I do like having my tv screen attached to the stereo. I am not a home video buff, but I like better sound when I watch tv, and I think the video is an important part of the recorded opera/ballet experience. A good example is the magnificent Gergiev recording of the Ballets Russes at the Mariinski theater.