I lived without the SUB for a year, using just the Playbar, and didn't feel slighted or as if I was missing anything in the least. It does a good job of handling the full spectrum of sound in most movies. That being said, I did end up caving and purchased a SUB as an open box at a local retailer. Frankly, it adds a significant punch to those "summer blockbusters". I wouldn't go without it now. But if I were watching something like Casablanca, I wouldn't miss it.
tl:dr Life was great before it arrived, but better after. Not required, but adds the "Wow" factor.
Bruce