Yes, including the speakers. My speakers were about 90 bucks. Though they're only 40 watts, I love these things. They look great on my desk, too. I have the subwoofer in a shelf that reverberates around thus increasing my bass response, and the satellite are perfectly lined up with my monitor facing the exact same direction thanks to shelf walls. I was going to get some Z-2300's (because I just like the sound of 2.1 speakers and I have no place to put the rear ones because of my desk layout), but the subwoofer won't fit in the shelf, the satellites won't fit where mine are now, and I'd have to spend 100 bucks. So... I think I'll just stick with what I have. I love these things. They go really loud without distorting, too.