So I ended up picking up a Diamond Edge Sb-1 from Spokane Valley Archery. My wife wanted to surprise me with a Christmas/graduation present so she prefered that I buy something new. I ended up paying $480 for the bow package, 12 arrows, case, and a true fire release. After getting it all set up, it feels good. I figure I can upgrade sights, quiver, etc along the way, and in time upgrade the bow and swap everything over to that.
Now all I need is a decent target, and have been looking at releases. I tried out a Scott hook style (similar to the ghost) release at the other shop that I much prefer to the closed "jaw" type.
In hindsight, I underestimated my draw weight and assumed that I would need a lower weight making me think that I needed a broader range of adjustability. Right now it is set up at 50lbs which I can draw back without much effort. I will probably keep it set at that for the time being so that I can develop good form and habits, before upping the weight. All in all I am happy with the set up.
Unfortunately "Santa" is holding the everything hostage until Christmas day, so I'll have to wait a few weeks to really test it out.