My home studio/bedroom has gone through many changes over the years. Here is my current setup (which isn’t changing any time soon!)
My PC with an akasa case. 500GB total HD capacity, 1gig Ram, Intel Core 2 Duo processor E6300. My sound card is an emu 0404. I use Reason 3 for composition, Sonar LE for recording vocals and Audacity for mp3 conversion and editing.
My amp is a Sherwood AX-4050R, and my speakers are Eltax Silverstone 200 floorstander speakers (200 watts).
My other equipment includes a 32 inch Mirai LCD HDTV that I also use as a monitor and an arm with a keyboard extension that I use when I’m making music.
My Keyboard is a Prokeys 88 sx from M-Audio. It features semi-weighted keys, which means it feels right for both piano playing as well as synth work. Of course, it’s also essential to have a sustain pedal!