Lol, brings back memories of my first home, believe me though its the people you share it with that make the memories and not the things that are in it (make sure you get a badass AV system though or your mates will not forgive you you will soon learn the crucial skill of playing off a nest of tables against that amp you have to have lol)
Re the SLR, being able to control depth of field is the biggest advantage of an SLR over a compact so if your knew to them thats the bit thats worth researching / playing around with first.
Haha well I'm hoping to at least upgrade the TV along with some sort of sound system.....afterall the lounge is bigger, that's my excuse anyway!
Will give it a go, so mess with aperture size will change depth of field? I only have the standard 18-55 lens at the mo