status equipment is way overvalued in my opinion; I have never owned the really inexpensive equipment, nor have I ever owned the super expensive equipment, because there is no point in owning expensive gear you cannot stand the sound of, as Nick Gregory alluded to; some combinations of gear produce masterpiece recordings in a few environments and shit everywhere else; some combinations of gear never produce masterpieces but never produce shit recordings either; the key, and the quandry, is to find the gear that does a bit of both and is within your budget; I personally think your mics will be your first and foremost determining factor in your satisfaction with your rig, and if you do not like the way your mics sound you will never be happy with your rig; my own experience was that I bought 480's because I like the crisp and clear sound they produce, pretty close to the sound in the venue; but I paired them with first a MiniMe, but I did not like that combination, so I tried again with a V3, and again I still liked the mics but I did not like that combination either, so I tried again with a UA5 and wella, everthing fit, very good combination that produces a sound that is cleaner than the MiniMe and less sterile and clean than the V3; so, as the others have said above, listen, choose a sound you like, then carefully pair gear around your mics that will produce the sound you seek; that said, I would also suggest that you consider buying Shaggy's 480's, I have used them on-stage, at stage-lip, middle of room, FOB, balcony, and everywhere else you could think to tape from, and have had great results when used properly; ultimately its totally your call, but as someone who burned through a lot of money and lost money on just about every piece of gear I sold, choose carefully, and trust your ears; your ears, and others' comments about what rigs they do not like the sound of and what gear does not produce good recordings will be your best source of guidance (in this regard there has been much debate about what mics sound poor when paired with the MiniMe and lately what mics sound poor when paired with the 722/744), good luck