My first welder: Millermatic 140 w/AS & cart. Picked up an auto-dimming Speedglas mask for 50% off MSRP (display model). Bought a 60# tank, Miller gloves ($17 sale) at Arc Source in NH while on a roadtrip..
Also went with a larger spool of .30 and extra tips, etc so I wouldn't have to run back real soon. All together a little over $1,200 thanks to one of my father's clients being a friend..
I've also taken a welding class at the local votech, with a solid introduction to MIG welding and a brief intro to TIG welding.
-Jonathan
Direct links to photos:
http://www.flickr.com/photos/jpl3k/3963824645/
http://www.flickr.com/photos/jpl3k/3964599542/