Yes, yes, of course the matter presents a balancing act of sorts, but I think there is some justification for spending at least a little bit of time and money assembling a proper stereo. I just wish the author had gone more into the nuts and bolts of the process, but that's probably the bread and butter of the publication he works for, so I understand.
Some of the stuff promoted by more fringe elements of the audiophile set seem beyond bizarre to me. There are a significant number of people who will tell you that you need to upgrade the electrical cable on your equipment (esp. the amp/pre-amp or receiver) in order to get the best sound. That's right, you didn't read that incorrectly: the ELECTRICAL cable, not the speaker cables.
Personally, while my expertise in electrical engineering is limited at best, I still find the very notion farcical. I can see spending a fair amount on proper speaker cables, maybe even up to $3 or 4 a foot, and can definitely pledge for a bona fide upgrade in sound quality using, say, Tara Labs products over standard generic fare. But to seriously hold that one needs to upgrade the power cable is beyond stupid to me.
Also, "audiophile"-class equipment need not be prohibitively expensive, if you do your homework. Because of the better inherent quality and superior warranties the manufacturers offer, it can even be cheaper in the long run. E.g., back in 1995, as a broke-ass college sophomore, I was bound and determined to get some high quality speakers. The net was very young then (think usenet and gopher, Netscape 1.0-era), but there was still a decent amount of info. I quickly found out that the best sweet spot of price/performance for me was going to be a bigger pair of "bookshelf" class speakers, and that even thought they might look small, they still sounded better than a big pair of Sony/Pioneer/Panasonic/whatever. I also found out that, oddly enough, at least at that time, models by Canadian manufacturers tended to be especially good values b/c the Canadian federal gov't had built a state of the art acoustics research facility and was making the lab available to native firms, greatly reducing their R&D costs. This helped me further narrow down my search to a handful of companies, including Paradigm, PSB, Mirage and Energy. They aren't exactly "small", but nowhere near as big as the typical Japanese firms that dominate the market.
I then went out and tested these at two stores in the town where I lived. I brought a stack of my own CDs in, and the staff set up the speakers I wanted in a private room and left me alone. It was actually really fun. At the end of the day, I opted for a pair of Paradigm Phantoms, which I still remember ran $279. I also got a nice set of stands on clearance for $50 at the same joint. I bought a couple of 10-foot lengths of TL Omni cable and had banana clips soldered on for cheap, and that was that.
12 years later and I still have these speakers, still use them almost every day, and still get complements from friends whenever I turn them up. I blew the woofer on one of them back in 2000, and incredibly still had the original invoice. I brought it back to the same place I bought it five years prior, and they installed a new woofer, for free, within 3 days. Didn't pay a cent. I can't even imagine trying to deal with Sony on a warranty claim 1 1/2 years after purchase, let alone 5.
And really, I'll probably have these speakers for decades to come. I may eventually get a pair of Magnepans, which I've always loved, but even then they'll make for an awesome 2nd set up in another room. Three hundo felt like a lot at the time, but that was easily one of the best purchases I ever made. Similarly, the NAD integrated amp I bought a year or two later (~$350), while very Spartan by today's standards, has been a wonderful piece through the years. It sounds infinitely warmer and more inviting than your standard high-tech Japanese A/V receiver, far more musical, and has been as reliable as a rock, having never even hiccuped once over the years.
I guess that is my long way of relating a short message, namely, that you don't have to spend a ton to get a much better listening experience. Ignore the fanatics, concentrate on facts and neutral reviews (as well as product quality reports), take note of warranties, and insist on auditioning equipment before purchasing. A really great system can definitely be assembled for well under a grand, and even middle-aged men would be hard pressed not to immediately acknowledge the difference.