I don't need to listen to it to know that those tiny drivers in the speakers and the boomy fart box they call a sub, isn't going to properly reproduce the entire range audible frequencies, making for a rather subpar home theater experience. You won't exactly see me singing the praises of Sonos either, but I'd still take them over Bose. In any case, a proper HT setup will blow both of them away.
And for the ripoff of $700 Bose is asking for it, someone could have a really nice 2.0 setup, ready to expand for surround sound.