You got to be kidding me...

(for those who don't know, "bleg" = blog + beg)

I need some new home theater equipment. Let me stipulate first that I am not a gearhead when it comes to this stuff, so for example I have no particular bias towards having a separate component for everything versus an all-in-one system, etc. Anyway, I currently have the following stuff: 27" flat-tube HDTV (broken), 20" flat-tube SDTV (works), $35 dvd player (works but has issues), Sony 5-disc 5.1/DTS surround system (dvd video output is effed, everything else works fine, too old to play mp3/wma) What I want is to get back to where I'm able to watch movies without skipping, in surround sound. I also want music in my bedroom. At some point I want an HD monitor too, but that will be step 2. As I see it, my options are:

1.) New dvd player, new 5.1 receiver and two new front speakers, moving the old all-in-one and its front speakers to the bedroom. This will involve adapting the +/- speaker wire connection from the (unpowered) subwoofer to an RCA plug for the new receiver. Is that easy?

2.) New dvd player, use the all-in-one system as a receiver and buy a bookshelf stereo for the bedroom. I was doing the livingroom part of this setup for awhile with the cheap dvd player and it worked (aside from the cheap player sucking)

3.) New all-in-one system, and move the old all-in-one to the bedroom.

Anyone have any thoughts? I believe option 2.) is the only one that's significantly cheaper, since it involves minimal new equipment. I may take that route since I'm thinking of getting a plasma tv. 1.) and 3.) are probably in the same total price range, assuming I get a decent-quality system. I don't think I'm going to invest in a completely new set of speakers, so I wouldn't be getting a high-end receiver either as the high-end ones today are all 6.1 or 7.1.