You all missed the point of the OP. He has/had a strict budget. Half would have been spent on a game system/BD player, which the OP did not say he needed. The objective was to get the best system possible for the least amount of money. Hence the best speakers possible in that price range, plus a receiver and 5.1 speakers. $300 won't cut half way decent 5.1 speakers and a receiver.
S~
Unfortunately, the OP has not been back to comment on any of this. I find it unfortunate that the thread devolved into yet another PS3 as BluRay player discussion.
I agree with most of your comments back in response 2. I think I would go for an even lower BluRay player without wifi, assuming that the OP has wired lan access. That leaves a bit more to put into speakers.
The artin Logans are a good speaker choice, but there are good alternatives at about the same price point:
Amazon.com: Energy 5.1 Take Classic Home Theater System (Set of Six, Black): Electronics
Amazon.com: Klipsch HD 300 Compact 5.1 High Definition Theater System (Set of Six, Black): Electronics