While it may not be the best out there, I've got a good amount of gear. My baby is my Pulse drum set. As of right now it's a 6 piece (10", 12", 13", 16" toms, 14x6.5 snare, 22" bass). My cymbal setup is going to change soon; right now I've got an 18" crash/ride and 14" crash that came with the drums. They're not amazing but I like the sound. A friend gave me a set of Zildjian A hats and a Han Chi 12" china-splash. I don't like the sound of both Zildjian hats, but I use the bottom Zildjian and top no-name. I plan to use the extra hats as crashes, and right now I have the china stacked over the ride.
Also, when I got the drums my parents let me move them into our theater since there's sound-proofing and whatnot in there. My band is going to use this room as our studio, which is actually kinda neat because there's room for everyone, plenty of seating and places for us to sleep if we're recording over the weekend, a full bathroom, microwave and fridge.
All the gear picture is supplied by me
Bass World (Lyon bass....got it for free. Using Logitech speakers for now, but the bassist has since purchased an amp)
Guitar World (Ibanez RG350EX, the nicest gear I own, an Applause AE128, and a Line 6 Floor Pod Plus)
Panoramic of the whole room. Our singer just goes where ever.
We record one instrument at a time. For guitar, bass, vocals, and any keys we may have, we run it through the Pod and use a 1/4-to-USB cable and record in Audacity. For drums, I use a USB Rock Band microphone. It seems ridiculous but the sound isn't too bad. Until I get a mic kit and mixer, it'll do. I just got a MacBook Pro, so we do all mixing in GarageBand.