So I made the decision to buy a Playstation 3, unfortunately my existing multimedia setup at home didn't cut it so I had to buy a new speaker system as well. After looking around and talking to friends I decided on the Logitech Z-5500 system.
Since I'm starting to get a significant amount of systems at home I decided to put together a diagram for the connections.
I'll post further updates as I receive my equipment.
The Swede in the middle of Silicon Valley