Quite a big can of worms huh.
Define what you are going to do with what you buy. Research different products that do what you want until it hurts, and then research some more. Sometimes you can buy what others say, get it and find out it's not what you need or it doesn't do what you wanted. It is mostly personal preference but your research will take care of that. There are some sites like home recording.com that will assist as well. Do a search for starting a home studio as well.
As far as the bundles go, Waves are great!! There are so many good ones it is hard to just say this one or that one...
_________________________
If music is life and life is love do you love life for music or just wait?
| 
