My last set of equipment was due for replacement when I started searching for a setup but agonised over the panny when I saw the mixed reviews (2 good, 2 berating the sound).
I did go for the Panasonic SC-BT100 in the end. I am very happy with this decision, but it was a troublesome road and whilst most things in the garden are rosy, there's still a faint whiff of compost hanging around.
Some History: My last system high-end seperates system (Sony 46X2000, Denon 3805, Denon multi-region 2200DVD, KEF Q7 5 channel speakers, Xbox 360, SKY HD) was purchased a few years ago. It needed replacement due to the DVD packing up (replaced with an XBOX - clunky and noisy for DVD's) and the receiver been relegated to the sideboard by my better half for being 'an ugly monstrosity'.
Due to i) being fed up with not having a decent DVD player, ii) the HD-DVD/Blu-Ray war being fight, iii) my concern for the amp stuck sideways in the cupboard and iv) most importantly, a bonus appearing; woohoo, it was upgrade time!
Several weeks were then spent on the enjoyable task of choosing a new system (I do really enjoy the comparison/review bit - must be a sad AV nut I supose), but I had a couple of significant problems, the main one being the better half did not want another 'big ugly' amplifier. Big problem. I looked at TEAC kit and realised I had a BIG problem.
The Selection: I found a couple of reviews for the Panasonic SC-BT100 on the internet and thought I had found my ideal system. The wife even approved the 'visuals'. I was just about to order when disaster - the What Hi-Fi review. I reviewed the forums and cross checked and it did make sense to not buy.
I agonised over this for a week and then decided to go for it. I purchased a multi-region DVD version (not multi-region Blu-Ray - you can get both but multi-region DVD is good enough, and I worked out I'd only get my money back on Multi-region Blu-Ray after I'd bought 27 disks!) at £550 which came with a fre Blu-Ray. The box turned up next day, when I had taken a day off work and packed the wife off somewhere so I could install without interference.
Results: Initially, I was very absolutely and incredibly bowled over with the Blu-Ray and DVD quality/performance. It knocks the socks off of the HD-DVD and PS3 Blu-Ray demos I had seen previously from friends. The sound though, was even more of a disappointment than the What Hi-Fi review said. It almost did grate my ears to turn it up high, and was worse on good old Music. The movie quality was OK. I was dashed. I sooo wanted it to be good.
Some other problems not considered (lets get the bad out of the way before the good) is that the iPod interface works well but the panny interface software is way too slow to use; the AVCHD does NOT work with Sanyo AVCHD camcorders; this is truly a 3.1 syste, Take note: if you want 5.1, you MUST buy the wireless rear amplifier. The manual (which I downloaded before purchase) suggests you can hard wire the back speakers. You can't. Simple as that.
One last downside thats not unique to the panny, is that most Blu-Ray movies are not shot widescreen, but in the super widescreen )(I forget the exact ratio figure) dound in cinemas. That means the movie will display as a letterbox, even on a widescreen Full HD TV. It is amazingly good though!
So how did I turn my opinon around? The first thing to go was the appalling wire that panasonic call speaker cable. I wouldn't wire a door bell up with it, let alone an AV system. Truly cheap and nasty stuff. I rewired with some decent cable and got a big leap forward. Bear in mind though that the panasonic has non standard connectors. You can either butcher the old plugs, or go to halfords and find some small push on bullet crimp connectors. You can't get gold plated (ask for the AV ones though, not the power cabl ones), but the pins on the panny are not gold anyway. Fiddly and prone to pop out when you disturb the panny unit from under the TV, but it works.
After buying the rear amplifier (from MRMDVD.com - again next day delivery) and rewiring, the next thing to hit the bin was the front/centre speakers. With the panny sub retained but back to my KEF's, improved again. They made little difference in movie mode over the 'bamboo specials' from panasonic, but in music mode the KEF's offered far more power, depth and balance (less boomy, more under control treble). A few hours audibly tuning improved as well. The panny is very limited here as there are no bass/treble controls, you have to pick an AV profile, but there's a good few to choose from).
Final Verdict: I have paid £650 for very good Blu-Ray/DVD player with average sonics. I had to spend a long time messing with cables, and you will need some good quality speakers if you like quality music load.
So why not buy the latest Sony RG receiver and Blu-Ray player for £100 less?
If you have to fit around a family, still want your AV kicks and don't mind a bit of fiddling, the Panny is a still a very good option.
Last point is an unpublished but very welcome talent for the panny - its headphone output is absolutely fantastic. This produces a really improved listening experience over my old Denon 3805, and as I spend half my time listening to movies in the evening that way, very welcome.
If anyone has any questions, please feel free to post here.