We bought this last time it came up in a woot plus for $200 refurbished (this one is new) to replace a vizio sound bar. The sound bar was so tall it cut off the bottom portion of our TV, so this one looks way better in our setup.
The sound is, for the most part, better than the sound bar. Bass can be set to shake the house type levels. It's nothing an audiophile would love, but it does the trick for movies and games.
My one complaint is that the bass is a little TOO emphasized, to the point that dialog can easily become muddled or get lost in background noise. I've had to adjust the bass pretty low from what it's capable of to make the vocals more understandable. Seriously, don't even try to understand Bane in Dark Knight Rises. But that was already impossible.
We have it hooked up to our TV through optical out, and everything goes into our TV through HDMI. One thing I love is it turns on and off automatically. Once you start playing audio, it takes about five seconds, then it's on. It turns off after a few minutes of no audio.
The subwoofer is wireless and pairs via bluetooth, apparently. I don't really know because it works out of the box. The other nice thing that works out of the box is it can read the input of almost any remote without having to put in some weird code.
If you're going to go with a soundbar or something of that nature, go with this instead. It works awesome and looks way better than most. If you're looking for genuine surround, you'll definitely want to look elsewhere. Let me know if you have any questions about it and I"ll check back tomorrow morning and answer.
Oh yeah, and it's bluetooth capable, but have never used it.