Best Home Theater Sound System for $200?

If I had only $200 to spend on a system I'd go with the Onkyo HT-S4100. I saw it on eCost for $167.99. It's factory recertified, but considering the MSRP is $499 I'd say that's a pretty good deal.

http://www.ecost.com/Detail.aspx?edp=42799990&navid=155441519
http://www.us.onkyo.com/model.cfm?m=HT-S4100&class=Systems&p=i

To me, for a really low budget home theater, Onkyo seems like one of the best picks; for at least you will get a pretty decent receiver.

Onkyo HT-S3100 - $240
http://www.amazon.com/Onkyo-HT-S3100-Channel-Entertainment-System/dp/B0015M1BCS

ONKYO SKS-HT240 - $290 (speaker system only)
http://www.amazon.com/ONKYO-SKS-HT240-Home-Theater-Speaker/dp/B0002REB38/ref=sr_1_24?ie=UTF8&s=electronics&qid=1233878271&sr=1-24

Onkyo HT-S5100 - $390
http://www.amazon.com/Onkyo-HT-S5100-Channel-Entertainment-System/dp/B0016KEXRE/ref=sr_1_19?ie=UTF8&s=electronics&qid=1233878271&sr=1-19

I know I went a bit over budget, but you can't really get much of anything for $200. Hope you understand.

Stay away from Panasonics home-theater-in-a-box systems; they are the worst to pick.