You have to give it to Akai here. When they say, all-in-one, they really mean it.
First of all, it's a TV stand for your flat panel display. It's got a built-in amplifier, speakers and subwoofer that output at 80 Watts RMS, which takes care of the audio situation. There's an AM/FM radio built in, as well as an iPod dock that supposedly supports all current model iPods, plus USB and memory card ports which can play music directly. For your video needs, there's an upscaling DVD playing with HDMI output that will scale your discs up to 1080p.
The price? An even grand, which seems like a pretty decent price. Sure, I have my reservations about performance quality in any product that does so many different things, but as the base of a secondary home theatre setup, you'd be hard pressed to find better value.