This is what I'm thinking for my first FPV set up... anything that sticks out to you as good/bad?
Airplane Tx: Turnigy 9x
FPV Tx: 900Mhz 500mW
FPV Rx: Standard 4 channel
FPV Camera: 12v, 50mA, 640x480, 31g, CMOS
If you invest in a 900Mhz video set up you'll potentially run into problems if ever you decide to add telemetry. The xbees run at 900mhz.
Personally, I'm waiting for this to arrive in the mail: