Actually drooling over this whole line I set up. The Line 6 Spider II Amp, the Line 6 FB Shortboard and the Line 6 POD XT which I tied into both my computer and amp... awesome sounds hitting out there without all of the HIGH dollars invested in other equipment. For someone getting started will let ya all know the breakdown.
Line 6 212 Spider II Amp (150 Watts, 2 75 Watt Speakers) $225
Line 6 FBV Shortboard and POD XT $245 (Hell of a deal off Ebay!)

My Boss Distortion Pedal alone cost me $105 a few months back.. can get it off Guitarcenter.com now for like $35, my Gibson Chorus, Gibson Flanger, and Gibson Overdrive were each $30 and they could only give me a limited sound through my old 15 watt amp..

And here the wife thought I was getting into a cheap hobby :D