Nix the electronics.

We don't have TV. I think that having dish or cable inevitably ends up creating a lot of wasted time, so we just don't have it. We do, however, have a TV and DVD player for movies. I like movies, and somehow the intentional decision to sit down and watch a movie prevents me from wasting time like I would with TV.
I hate to go to people's homes and find that their sitting room is designed around a monstrosity of an entertainment center and TV.  TV is just not the center of my life, so I don't want my living room designed around it. They have those fantastic close-able entertainment centers like my Mom has, but those are just slightly over our budget. We puzzled ourselves for a while over the trick of having a TV without making it the center of our home, and this is what we came up with:

  

It's all there: a TV, DVD Player, Speakers, and Subwoofer. Here they are unveiled:

The TV in this picture is actually a bit of an embarrassment to me. Brian found it on Craigslist for $150 complete with speakers and a nice carrying case. It's a good deal for a flat-screen, but I was super embarrassed to have such a huge TV. The fact that it's so hide-able though, is worth it, and this design would never have worked without it. The tapestry (just a piece of batiqued material from JoAnn Fabrics that I sewed loops on to hang. The pole holding the tapestry up is a stick that Brian whittled down to smoothness (same with the wood hooks for the pole). The Tapestry comes down to the top of the dresser, concealing the speakers and the cords. 

The DVD player is in the top drawer of the chest of drawers. We drilled a hole in the back of the dresser through which the cords go from DVD player to TV. The subwoofer is under the red material to the left of the dresser. We just draped a piece of gingham from JoAnn Fabrics and put that piece of pottery on top of it. It works out perfectly, giving us the benefit of watching movies while ensuring that TV is not the center of our world.