I have separated my audio and HT systems, but the HT system is still just 2.1. My 95% priority is audio. I don't watch much. It took 4 months after adding the HT equipment for anyone else in the family to ask what it was. We still almost never turn the HT system on beyond the TV except for action movie DVDs. Oviously having separate systems allows for two different uses in two different rooms at once.
I recently heard my first multi-channel SACD and was not impressed. A should be expected, the side/rear 4 channels added nothing as it was a studio recording. Most watching is also of events in front of you.
And I had a budget similar to your's when I last shopped for a new audio/HT system, abet 4 years ago. I decided that for $1,500 I'd be far better off with two good speakers than 5.1 crummy ones (that's a personal decision). Nowadays I'm not so sure. Because I now have $328/pair Ascend Acoustics CBM-170's with Hsu VTF-2 sub for the HT system and the 170's are really very good speakers. For $1,200 you can get (4) 170's, the VTF-2, and the matching (double 170) center channel. If this stuff would have been around 4 years ago I would still have a combined system.