For those who are curious about my current moderate set up, I've compiled a list below of what I have been using during most of 2009. My lens selection has been determined by online research and my extensive own testing.

Each photographer has a unique way of utilizing his equipment, therefore there is no ultimate answer as to what cameras and lenses are the best. It is all subjective. For me however it is about the craft rather than the gear, so I will let each one of you be the judge. There is plenty images on this site to make up your own mind.

Cameras:

Nikon D700
Nikon D300

Manual F-mount Lenses:

Voigtlander 125mm f2.5 APO Lanthar (legendary lens with creamy bokeh)

Automatic F-mount Lenses:

(THE THREE STOOGES)
Nikon AF-S 14-24mm (sharpest super-wide lens available on any system)
Nikon AF-S 24-70mm (excellent colors and bokeh for a prime zoom)
Nikon AF-S 70-200mm VR II (the reason Canon owners are now really jealous)

(AND ONE VERY SPECIAL CREATIVE LENS)
Nikon AF-D 105mm f2 DC (super for portraits and creative exposures)

Converters/Flash:

Nikon TC20-E iii (2x magnification with aspherical elements for my VR-II)
Nikon SB600 24-85mm range flash unit

Wish List:

Nikon D3s ($5,500)
Zeiss ZF 21mm f2.8 ($1,500)
Nikon Flash SB800 or 900 ($600)
Nikon TC-14E ii & TC-17E ii ($800)

Lenses used in the past with Nikon DX & FX systems:

Tokina AT-X 11-16mm f2.8 DX
Voigtlander 20mm f3.5 SLII
Nikon AF-S 18-200mm f3.5-5.6 DX VR I
Zeiss ZF 25mm f2.8
Nikon AF-D 50mm f1.8
Nikon AFS G 50mm f1.4
Nikon AF-D 85mm f1.8
Nikon Ais 85mm f1.4 (used on Prague's Jazz Workshop 09 set)
Nikon AF-D 85mm f1.4 (great where light is scarce)
Zeiss ZF 85mm f1.4
Zeiss ZF 100mm f2 MACRO (great glass)
Voigtlander 180mm f4 APO
Nikon AF-S 80-200mm f2.8 (used on Disney on Ice set)
Nikon Ai ED 200mm f2
Nikon AF-S 70-300mm f4-5.6

1990s setup:

Pentax K-1000 35mm film camera with 50mm and 35mm lenses