[Bring_Back_Shantz]

Yeah, I'm about half done my basement as well.
Only things i'm not doing are mudding/taping and the carpet.
It's all pretty easy to do but it does take a lot of work.

A few things I've learned while doing it.
1) It'll take a lot more wood than you anticipated, not even accounting for mistakes (hopefully there are few) ro wastage, but plans change and you don't realize how many extra studs you'll need when things get even remotely complicated.
2) PLAN PLAN PLAN, you may think you've got it figured out but take the extra minute to check it out and avoid having to redo something. Building a wall is a real pain in the ass the second time you do it.
That being said it is pretty fun to see it all go up (slowly as it may be happening).
Oh and also as a few guys have said, make sure you plan for the future, you can never have too many outlets, and wiring for sound/cable/phone/internet is a lot easier to do before the drywall and paint is up.