SPEAKERS - Help!

[SiKeS]

Alright so I'll be moving into the fraternity in just over another 2 weeks. My speakers I have now (Klipsch promedia) just aren't doing it for me and I want something that'll put out some sound.

The room I chose is the closest to the stairs on the 2nd floor.. So everyone will pass it and I plan on it being sort of a hub for kickin' it.

The room is pretty small... So what do I need to get? I realize I need a receiver and some speakers, but what kind should I get? Where would I buy them? How much should I spend? I need some advice!

I checked out circuit city (boo!) the other day and there were some loudspeakers for like $320/pair plus a receiver was like 300. $600 seems like a hell of a lot of money for something like I'm needing so any advice/suggestions would be great!

Thanks!
-Matt