I bought this system a week ago. I have no complaints about it whatsoever. I am not an audiophile or anything of the sort, so some may take my opinion for a grain of salt.
I picked the LG system up for $499 at best buy and it has been worth every penny. I had seen the system in the store for a few weeks now. I have been searching for a new home theater system. Ive heard good things about JVC and Yamaha systems so I was skeptical about the LG system because they're not known for they're audio systems. When I finally decided to buy a system it was between the LG (1200 W) and a Yamaha system (900 W) that was more expensive than this one. Both systems were next to each other in the Best Buy store where I purchased the unit. The sales rep told me he preferred the Yamaha, but to me the LG was much more clear. Also, the LG looked nicer and it had a dvd recorder. I was still skeptical though because of all that was included and the relatively cheap price. I decided to go with the LG despite my doubts, and the system hasn't let me down.
First, the system looks really good. The front speakers are stands as some have previously said, and they are seem to be very durable. I don't know what would make them fall down on their own. The satellites and center speaker designs are done very nicely. The receiver which includes a dvd recorder also looks nice.
The sound on this system is very clear. I have heard no noise from this unit as one had described earlier. This system has a lot of kick to it. I can't even turn it up to 50% of the volume without disturbing the neighbors (I live in an apartment). Usually I keep the volume at 25%. The subwoofer is 300 W and I love it. It subwoofer rocks my living room. The subwoofer is massive and it also looks nice.
It took me about an hour to setup the system. No problems at all. Very quick and simple.
Like I said I am by no means an audiophile, but I love this system for the amount of money I paid. And I love the overall design. I can see how it was built to go along with one of the LG flat screen displays. If you have any doubts go to Best Buy, and listen to it and compare it to all the other systems.