Thanks, Gunbir and SK, for a very informative audio session yesterday! SK's setup is indeed truly awesome! It also struck me as well that the Sub was almost made redundant. I'm no audiophile, but the sound was pretty much perfect as far as my standards go. Highs, lows, Mids - everything is in perfect balance IMHO.
My only gripe with SK's setup would be that he has it, and not I !!

In true Team-BHP style, it made me want to double my budget! (which unfortunately is nowhere near possible).