Oh god no.... Don't get fucking Blose speakers. They may be the most overpriced pieces of shit out there. My Polk speakers, which I paid less for, sound way better than that Blose system. My girlfriends uncle has that same system, and it fucking sucks a horses cock. Circuit City has a great sale on speakers right now, and for a grand you can piece together a setup (sub, bookshelf, and slim towers) that'll kill that Blose crap. It won't be white, but white is ugly anyway.... So make sure you convince her just how ugly white is. I almost forgot to mention how cheap those Blose speakers look. Also, don't even consider Sony speakers. They suck!
As for MP3 players. Get something that's at least 20GB. I connect my 30GB Nomad to my receiver with one of these:
Mini-to-RCA adapter. The best part is I connect it to my receiver then take it to my car and connect it to my head unit, and I always have at least 500 albums on me.
Now I don't even use my 100 disc CD changer, probably gonna sell it.
Maybe it's just me, but I would never buy a projection TV. I have never seen a projection screen TV that comes close to the picture quality of a conventional TV. Eh, everyone's different.