My humble studio, which I recently set up with a lot of my fiancé's help. It's certainly come a long way off from where I began. And yes, it's another bedroom studio, but I like it a lot.
The tower on the lower right is a Cooler Master, my fiancé's old computer, which he built. It's got 4GB RAM, DDR2 (upgradable to 16) and 250GB HDD space I can play with. My processor is an AMD Athlon 64 X2 Dual Core Processor 6000+ (3GHz). I could've used more HDD space, but other HDDs I have.... well they've prevented the PC from booting up. I think it sufficient.
I'm back on Windows 7, but 64-bit this time. Mic and MIDI keyboard are both Samson (Go and Graphite M32 respectively), speakers are Creative I-Trigue (2.1). They're about 5 years old, but still in perfect working order. I can now hear my mixing errors, where I previously couldn't.
I also recently acquired a nice pair of headphones. Specifically, Sennheiser HD201.
It may come across as depressing to some that my NGADM audition, Chant de l'Éveil, was done on a rickety, eight-year-old Acer laptop with a Celeron processor and broken screen hinges and missing keys.... I'm just grateful for this pleasant change of phase.