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IMO you should proceed in this order:Shop for speakers (based on anticipated room size now/later, genres, what aspects of sound are important). Speakers are the most important factor in determining what kind and quality of the sound a system provides. Outlining the pluses and minuses of different types of speakers could fill an entire circle. Just to know how to shop for speakers could be another whole thread.
Then buy amps that synergize with those speakers. As with speakers, build quality, service, etc. should be considered. Dusty's old 40 watt VMB-1 monoblocks (gainclones, but better than most) work great with my speakers.
Buy a $150 - 220 Oppo universal player (from Dusty). As kkc stated, the digital recording/playback technology keeps changing too fast so its very easy to "over invest". The Oppo can also be used for HT if you move on to something else and has a remote with volume control to make a pre-amp unnecessary until you add a 2nd source. Check out the reviews. Build quality is only as good as you'd expect at this price, but it could be obsolute before its worn out anyway. If you don't mind being reliant on a computer, a Squeeze Box (SB) is another good option for just a bit more. It has internet radio, volume control, and remote. Both of these can be modded or have a outboard DAC added. Again no pre-amp needed. I'm currently using an Oppo after giving up on a modded SB (too many glitches and not savy enough). I have a CIA VPC-3, but don't use it as my only source is the Oppo. Down the road I'd like to add a CIA VDA-2 as the Oppo is just a bit rough on the edges, but I'm in no hurry.
Don't waste serious money on cabling. Stuff from Element, Signal, or Blue Jean is just fine. And don't waste money on fancy racks or isolation products. OTOH the room is the most overlooked factor needed for good sound. Look for big, private, non-square rooms that are insulated from outside noise. It's pointless to have any system if you can't listen when you want or can't turn it up (above background noise). And it's pointless to have a nice system in a small, crowded room that the bass booms in (because its square).
Embarassed to say, but I forgot about a very good deal that is currently running on an excellent speaker right here at AC: VMPS 626 Jr, $975/pair. These are tall 3-way standmounts that utilitize a ribbon tweeter and a single rather unique extended range (over 6 octaves) ribbon midrange with their constant directivity wave guide. That midrange ribbon makes for a very conherent, fast sound. The bigger VMPS speakers use more units to allow for more power handling, but don't image as well (to me at least). Brian Chenney (VMPS owner/inventor) is one of those gruff fellows who knows his stuff and does things his way. He'll never get rich, but is a no nonsense good guy who keeps winning awards at CES. Come to think of it we have more than our share of eccentric manufacturers here at AC. I love that!