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I have to money to do a full HD upgrade of all equipment but refuse as there is nothing really wrong with what I currently have.

Refuse to pay £299 for a games console so until they (and Blu-Ray players) come down in price significantly I will not need to upgrade.

I'm happy with my 20" Stereo CRT.

Plan to upgrade to:
40"-50" Screen
7.1 HD Surround Sound
Digital Receiver/Recorder
Blu-Ray Player
PS3/360