Hmmm... I thought about this for a while, and realized that even if money is no object, I probably wouldn't go for the most expensive equipment. Rather I would take the opportunity to pickup a few peices that I have long lusted after as well as a few components from vendors whose equipment I have long admired.
Let's start with speakers. This was the easiest selection for me as I have long lusted after the Infinity IRS Beta (honorable mention goes to the IRS V). I admire speakers from a number of brands, but it is the older Infinities that hold a special place in my heart.

To power the IRS Betas I would look to two different manufacturers. I have read that Infinity invisioned that the upper frequency panels would be powered by tubes. So I would power them with a pair of the very rare and very powerful Carver Silver Seven tube monoblocks.

The woofers would need to be powered with an amp that can keep up with the power of the Silver Sevens, and do so with absolute control and authority. I would pick a pair of Krell MDA-500 monoblocks for this task.

It took me a while to select a preamp. Part of the problem is that I don't have as much knowledge and experience with the various preamp offerings. I have always been a "big amp & big speakers" kind of guy. It wasn't until I got my Adcom GFP-750 that I realized the impact that a great preamp can have on the quality of a system. In fact, I even considered selecting the Adcom GFP-750 as the preamp for my dream system, but eventually settled on the Krell KCT.

As the the primary source component I would go digital, and select a recently released product. Although I have yet to hear them in action, my choice would go to the PS Audio PerfectWave transport and DAC. I have long admired PS Audio gear, and have liked what I have read about this latest PS Audio offering. (Honorable mention goes to the Nakamichi Dragon Transport and DAC)

Although I don't have any LPs. I would eventually like to add a turntable to my system. So while I am dreaming why not round out the system with something really nice like the Acoustic Solid Royal.

A few other items...
PS Audio Phonolink or Krell KPA phono preamp
Teac X-2000R reel-to-reel
MIT Oracle (or maybe just Shotgun) interconnect and speaker cable
PS Audio power conditioners and power cables
I think that does it for me.

So guys, let's hear your thoughts... which system do YOU dream about?
Rob