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?
128x128nrchy
Spent plenty of time in the audio business, and I totally disagree with speakers being the most important part in the chain. Maybe they are the most important part of the mid-fi business chain, but not the audio system chain.
I think the proof is in the pudding when David Wilson demo'd his new Sophias on a $600 parasound amp to awe of the crowd---the crowd thought it was the spectral 360s, when it was the parasound under the table cloth really driving the speakers.
I say speakers. I ran a trainload of electronics through my Boston Acoustics without noticing any real change. The last front end I got for the Bostons was a Sony ES that sounded a lot like the other players that preceded. I got it because over a hundred audio reviewers five starred it, and my previous one had broken.

Then I got a speaker that was a whole lot more revealing than the Bostons. In short order, I found out what crap all my five star equipment was. Out went the Sony right away. Next was the B&K, then the Bryston. I tried tubes, and found much better synergy.

Since then, I have upped the ante on the speaker twice, and both times I had to scramble to find electronics to match the speakers' demands, both physical, and aesthetic.

I still have some of the old stuff. Recently, I plugged in an Onkyo five disc changer. It sounded lovely on my Boston A 150 speakers. On my new speakers, it was like I had smothered the things.

Had I bought the great speakers first, I would have saved myself a lot of time and expense.
I have heard or read about a stereophile article from the 70's that described a blind test, where no one could (to any statistically valid degree) pick out the finest electronics from "a consumer grade pioneer receiver". I haven't read the article myself, but its intriguing. I'd also like to think that I could pick out the difference in a blind test....

That said, there's clearly no doubt in the vast differences in speaker quality. My vote's for speakers being the most significant contribution to your overall sound "output".
I believe synergy is the key. No matter how good the electronics ,if you put a crap speaker in front you get crap sound.The same goes for electronics it will work either way!A quality system from front to back is the only way to go regardless of price.I want make a compromise for any part of the system.It's all or nothing for me!