I recently upgraded my setup to computer-based recording. I plan to use my system primarily for composition as a hobby, with an eye to recording a demo at some point in the future. My tastes and my songwriting lean toward jazz and rock styles.
Gibson Les Paul, Fender Fretless Five-String Jazz Bass
E-Mu Proteus 2000
Rode NT1, ElectroVoice N/D257A
Old Pioneer Deck
Alesis RA-100 with Tannoy Reveal Monitors
Gateway with 8 Gig EIDE hard drive and 256 Megs of RAM. I record on a new Aardvark DirectPro 24/96.