Eto Reco ko, sana pumasok sa budget mo :
DAW machine: Core2Duo, 4GB RAM, Asus or Gigabyte motherboard
Interface : Alesis Multimix 16FW or Multimix 16 USB2.0 (para magkasama na mic pres mo saka interface). Okay din ang Delta 1010LT like my setup, but it will require multiple mic preamps. Tignan mo din ang M-audio 410. Bale kung nagtitipid ka, sobrang sulit ang Multimix kasi di mo na kelangan bumili ng mixer or extra preamps. Padala ka na lang from the US. Check mo sa ebay may 2nd hand na ganyan, lalabas mga 30+k pero sulit yan kung calculate mo mic pres or recording mixer+interface (caveat lang, you can only do Protools on M-audio interfaces)
Monitors: Samson Resolve 65a or 80a or KRK Rokit 5 or bigger. Okay din ang Alesis or M-audio Studiophile BX-5 or Samson Mediaone 5a. Of course upgrade ka na lang if you can afford something better.
Mikes: Samson or Nady Drum mike kit. Multiple SM57s (siguro 3 is enough). At least 1 LDC, perhaps a Behringer C1, or other MXL microphones (just got me an MXL 990 murang-mura hehehe).
Siguro mayroon ka nang mike stands.
Snake Cables, >10 sana na jacks
Software: kanya-kanya na yan. Personally I use Cubase because some VST plugins I need don't work on Sonar. Pero Sonar and Protools are also great platforms. Di bale, you can always "Try before you buy" nyuk nyuk. I meant...trial versions.
You'll also need a headphone amp for the recording artist and at least a pair of low-leakage headphones. Headphone amp from Samson is OK (thats what i got) ditto with from Behringer. Sony closed-back headphones or DJ Headphones are great. Kung talagang nagtitipid ka, go to CDR-King and get some of their closed backs. Teka you might need more than one kapag may nagsasabay na magrerecord.
Then maybe you'll want a control room device like the Samson C-Control, or at least a "talkback" mixer which can be a small mixer like the Behringer UB502 or 802.
Those are my recos...you can already assemble your recording studio from these stuff. The rest are accessories that you can add to your setup.