New to vinyl, which turntable, etc?

I am seriously wanting to get into vinyl, as it's been many years since I've listened at my parents on their old, giant console unit. I've heard a lot of good things about vinyl and feel it's about time I jump in.

But where does one start? I'm thinking of building up the bottlehead phono stage and wondering what tables/set ups are worthy. I've seen things from Rega and Music Hall in my price range. I'd like to stay under $500 for the platter/arm/cartidge to get things started ($400 if possible). What should someone look for in a set-up? Are there any great bargains out there?

Thanks much in advance!