Stump,
Shag yourself down to a good bowshop and talk to the guys/gals there. Get yourself measured for the correct draw length. Be realistic with yourself on your needs and abilities. Most folks, myself included, buy a bow with too much draw weight. Most of the package deals out there, are capable of killing deer within reasonable range. They come with different rests and sights, most of which are inexpensive but work just fine.
Buy your arrows at the bowshop. If they need cutting, they'll do it and put the inserts in. I wouldn't buy the best arrows available, either. Down the road? Maybe. I bought carbons. After missing the target more than once and smacking into my backstop(my outbuilding), I've ruined only 1 arrow. These things are much tougher than aluminum.
Last nite, I was looking at Cabelas 2008 archery cataloge. The bow packages were listed from $300 on up. I bought mine, last June(07) while at Basspro's archery shop, for around $300. I replaced the original rest with a Whisker Biscuit, had a peep added, bought arrows, target points, and a good release. All told, I think I spent maybe $450 and was able to shoot it that afternoon.
Hope I didn't ramble on too much, but these are some of the things I didn't know when I first went looking.
HWD