Panasonic announced a range of home theater systems at the CES 2009 but the one which deserves mention is the SC-TZ1. The wireless home theater system works on the 2.4 Ghz band which delivers uncompressed audio it the ultra thin speakers, unfortunately they are not completely wireless as you still need a power cable for each of the four speakers.

The SC-TZ1 is somewhat unusual as its technically a 4.0 system--there are just the four, spindle-like speakers (Panasonic calls them Sound Slim Speakers), pictured in the image. These four speakers each have four vertically aligned speakers within them, which the SC-TZ1 uses to create a virtual 7.1 surround sound effect. Sure, it probably won't sound as good as a real 7.1 system, but you'll be dealing with a lot less wires. You'll also notice that the SC-TZ1 lacks a dedicated, separate subwoofer. That's replaced by integrated subwoofers in each of the speakers, filling in the low end. Again, it won't match the rumble of a dedicated unit, but it's definitely less hassle and looks better in your living room.

Scheduled to release during spring pricing for the Panasonic SC-TZ1 is not known yet.

[Cnet]