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I've had very decent results with a DW735 and Ridgid JP601, which all in you would have for $1,200 today. I was fortunate in that I got them both on clearance for about $200 each. It is frustrating being limited to 6" boards, but a sled would be an alternative for that. You don't need $10,000 to get good results.

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+1. And you can look on craigslist, I've gotten some good stuff there pretty cheap (Stanley #8 for $10, fantastic instance of this tool, I wouldn't sell it for $500. Delta 8 inch jointer, the parallelogram one, for $900).

For table saws, the old craftsmen that look like this:

http://sfbay.craigslist.org/nby/tls/5874228064.html

are actually pretty nice. I had one of those and it was really good about not spraying dust at you.

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