Hi, I recently transitioned from playing 360 from a tv to a monitor. Unfortunantly, monitors do not feature sound capabilities. I was wondering if there is a good set of speakers somewhere (please under $200), that will produce sound using the two red and white audio cables....

Thanks for your time
-iByers1337

Just about any cheap boom-box, but you can get an entry-level speaker system for cheap enough. All you need is a pair of loudspeakers and a stereo receiver.

http://www.newegg.com/Product/Product.aspx...N82E16882290123
http://www.newegg.com/Product/Product.aspx...N82E16882177004
http://www.newegg.com/Product/Product.aspx...N82E16882123073

The 3rd item is so you can connect a computer or iPod or something. That's REALLY a beginner set, but it'll do alright for what you want.