Here's my setup. Been looking at all the setups for several threads now, figured I'll add mine. I agree, enough with the chit chat going on. It would also help if everyone posted what they had instead of just a picture. The picture was taken with my iPhone 4, so the colors aren't entirely accurate. So with that, here is my setup:
13" MBP (Feb 2011) on a custom made stand aka cardboard box - wallpaper from somewhere on interfacelift.com
32" 1080p Toshiba TV - wallpaper - picture I took in San Diego, Ca.
Creative Gigaworks T20 speakers (I don't recommend - too much static noise)
Desk: Ikea Mikael Desk - highly recommend, easy to break down and move in my car going from apartment to apartment, lightweight, big enough to study on.
Lamps: Ikea GRÖNÖ
Chair: Montessa Chair from Staples
Monoprice iPad/iPhone dock