Some of us FFN's have some knowledge about home theater....
One basic piece of advice is if you're going to do projection and a big screen (say 100+ inches), make sure the room you have picked out is one where you can have 100% control of the light.
If you have a small room, dont overspend on a huge screen. If you want a 110" screen, ideal viewing position is about 15-16 feet back. If you're closer than that, you're going to be turning your head to see the sides when viewing a movie or HDTV with a 16:9 aspect ratio.
The gear, furnishings, etc, is a question of money. You can spend an almost infinite amount.
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