Philips has announced its new CinemaOne home theater system, which packs a DVD/CD player, iPod dock, five channel amplifier, six speakers, and a subwoofer all in a single unit. The all-in-one system features six precisely angled speakers spread around its body and a 4-inch subwoofer built into the base, all of which are powered by a five channel amplifier and Digital Signal Processing unit. A built-in iPod dock in the top of the unit lets users play music and video with on-screen track information, and the iPod can be controlled via the CinemaOne’s remote control. Other features include DVD upscaling up to 1080p, auxiliary input, Composite video and HDMI output, and a USB port for connecting other digital music devices. Pricing and release information has yet to be announced.