hi Carlos! pleased you asked me that question -
as for suggestions, yes you don't have to spend thousands (pounds sterling) to get a good system -
if you insist on new hifi components it is still true, though buying used items will slash costs considerably.
Cambridge Audio do a good range of CD players, latest are the Azur 640 C Version 2 (£250) is getting good feedback, i recently had one and upgraded to a Rega Apollo (new £500 got it used for £350).
Rotel, Nad and Cambridge Audio do a good range of amps such as the CA Azur 740A for £500 new, or they do a 6.1 AV reciever for £269.00, the Azur 540R Version 2 (100wpc on stereo), which i have and must say is brilliant - i also have Mission Cyrus 2 amps made in 1986 i bought for £200.
KEF, Linn Kan and B&W speakers have a good reputation and can be picked up for around £200 used. I have a pair of Castle Severn 2SE speakers which were £699 new but i got on ebay for £250.
As for turntables, as Olivier says the Rega Planar 3 is an amazing player, mainly due to its excellent arm, the Rega RB300, can get used for around £150. i recently upgraded mine for a Roksan Xerxes turntable using a similar arm the Rega RB250, with fabulous results!
i also have a Linn Sondek which is expensive new but can be picked up for a few hundred pounds on ebay, especially in the USA i've seen them.
If you buy from UK sellers obviously shipping costs are a bit of a down side and the voltage has to be adjusted down to 110v for USA, but the results will be worth it! Also the Kimber cable company is based in Utah - Carlos you may well get your cables cheaper than i can - though i recently bought a pair of used 8TC speaker cables from a guy in Canada for £160.
Edited by mystic fred - March 31 2007 at 08:14