As for equipment, the newest type of radio broadcasts in the 2.4GHz range. This is definitely the wave of the future, but these radios are rather expensive. However, two very reliable companies have just introduced some new 2.4 radios in a VERY affordable price range.

http://www.airtronics.net/index.php/...radio-air.html

http://www3.towerhobbies.com/cgi-bin...?&I=LXYWM9&P=7

Or, you can go for something a bit more advanced:

http://www3.towerhobbies.com/cgi-bin...&I=LXSFY3&P=SM

Please click on the link in my signature for some great info on getting started