The short answer is yes you can. Look for a stereo a/v receiver. You will want a seperate system so that you have enough connections. Recommend looking at Harmon Kardon for around $500 you can buy a decent one. Harmon Kardon sells an IPOD dock that will integrate with the receiver and in some cases allow viewing of music on a connected video monitor/tv. All laptops can be connected via the line out/headphone jack using a mini to RCA connector. In addition you can also buy a USB device to allow digital connection via optical cable to the receiver. Depending on your XM radio you will likely need to get a dock, most all of the portable radios have a home dock option that will easily allow connection to the receiver. Most XM radio channels are broadcast in 2 -channel meaning you only get left/right sound, that being said all modern receivers will have a built in sound setting to give a simulated surround sound effect coming out of 5 to 7 speakers.