I just finished my basement about a month ago. Took me a while, but it has added a huge amount of living space to my relatively small house. I did everything myself, including electrical.
Some recomendations:
Sub Floor: Home Depot sells a product called DriCore. They are 2' x 2' tongue and groove panels with a honeycomb backing on them. They rock. Works out to about the same cost as a traditional sub floor, and you have the added bonus of the honeycomb moisture barrier/insulator.
Make sure everything is on 16" centres (I'm sure you already knew this) because working around it is a bitch later.
Insulate the ceiling to eliminate noise from upstairs. Also, instead of drywalling the ceiling, I put up 12" x 12" tongue and groove ceiling tiles. Just make sure your first half dozen are nice and square and its easy, cheap and looks good.
By good lumber for your studs. Nothing sucks more than a stud bowing out after you've drywalled.
PM me if you have any other questions.
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"Sticking feathers up your butt does not make you a chicken."
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