Photography is a combination of art and science... I'm a believer of capturing the moment beautifully rather than technically perfect...
I'm using...
Canon EOS 450d (I have up-graded to EOS 60D)
Canon EF-S 18-55mm f3.5-5.6 IS (No more kit lens, I'm now using EF-S 17-55mm f2.8 IS)
Canon EF 50mm f1.4
Canon Powershor S5IS
Panasonic Lumix DMC LZ-2 (My first and still the best!!)
My life will be complete when I have:
EF 70-200mm f/2.8L IS USM
EF-S 60mm f/2.8 Macro USM
I wish, I wish, I wish...