Like a lot of stuff written about cooking and food, there's also a lot of rubbish written about knives and cookware. Frankly, having expensive can be nice, but ultimately it becomes almost pornographic. I have friends who have spent $50 000 (yes, that's right, $50k) on stainless-steel kitchen set-ups that are virtually professional-grade. They have amazingly expensive cookware, and have spent many hundreds of dollars on knife sets. Of course, they enjoy cooking and do produce some nice dishes. However, I cook on a small, four-element electric stove in a kitchen with little bench space, using only two knives (albeit ones that I was given by a couple of Japanese chefs with whom I briefly worked whilst at uni in Japan). Most of my pots and other kitchen stuff came from a wholesale company that supplies restaurants - it doesn't look fancy, but it does the job well. I'm not boasting when I say that the dishes I cook are equal to, or better than, the stuff that comes out of my friends' kitchens. Ultimately, it pays to bear in mind that what you cook depends largely on you, not on the pans you cook with or the knife that you cut with. Such accessories might make preparation easier, or might provide you with a slightly nicer finish to a dish, but they can't turn a sow's ear into a silk purse (so to speak). I second (or third) Matt's suggestion regarding knives - you don't need a whole set, as two or three will do just fine. The chefs that I knew in Japan would do the most amazing things to meat, fish and vegetables using just one or two different knives. They were amazingly dextrous - it was a pleasure to watch them at work.