hi Darkhorse,
sorry this reply took long, well on shopping for start up gear.... its nice to start on the right foot....suggestions software is the way to go, the rather competent multi-track software that ive tried when i was starting up: vegas, cakewalk/sonar, samplitude, cool edit- now bought by Sony- Adobe Audition na siya, also some two track editors naman: sound forge, steinberg wave lab. mara makapag edit ng stereo file

also if you are into sampling and sequencing, there are several sequncing softwares that are nice to play with : reason, ableton live, fruity loops,, also multi platform audio and midi sequencers- cubase, nuendo and sonar etc i also suggest that you invest on a good AD-DA coverter, yung tipong kaya nya ng 8 inputs simultaneous and midi in-out-through all at the same time, pili ka ng tipong hindi mo na bibitawan ng 5-8 years, monitors depende sa tast mo at sa studio size and tratment......
hope this helps in finalizing you shopping list
the MARK