Here's a page that details what cool toys I've accumulated over the years... All of this stuff is used to create and polish off any music that happens across my path.
I am most definitely a tinkerer, and a hardcore computer hardware "hobbyist". If it can be opened up, played with, built, modified, fixed, improved or broken, you will most likely find me poking around within the innards. I build all of my own computers from scratch, and still like to rotate my own tires and change my own brakes.
In August '01, the music-making bug came back for a visit and bit me pretty hard. Now, I'm preparing for both the onslaught of creativity and expenditure... Music is always more fun when you have a lot of toys to work with, but toys need to be procured at a minimal cost (seeing as toys = money, and money =/= free).
This being said, I have a few of things in my favor: my love of minimalism, my pack-rat and hoarding nature (I have lots of bits 'n pieces), and computers. I love gear, but why bother with a drum machine when, for the time being, I can simulate as many as I would like on my computer?
Putting together a studio is going to be quite a task, as what I need and what I buy/get are two things that need to still be determined. Going slow, in my opinion, is the best. Intelligent purchases are key.
Right now, I do almost all of my music work on my computer; composing and remastering. The next step is to integrate whatever gear that my computer cannot simulate in to my setup, and slowly build upon that. Man, wav files can be huge! 900+ megs for two hours of music... Sheesh.
The following list has the tangible (the stuff you can touch and see), the virtual (software) and the intangible (stuff that I would like to own at one point).