Although I'm fairly new to the RC world, I have decided to try and build a nice quad while waiting for spring and warm weather to arrive. Since I do want to transition into some better AV and eventually FPV, I selected the Cyclone frame since it large enough to handle a GoPro, can setup in several different configurations and has parts that can be replaced fairly easy.
So here is what I am planning on so far:
Frame: Cyclone v2, X format
Brains: AQ 2.1 Kit
Transmitter: Spektrum DX8
Receiver: Spektrum AR600 Sport DSMX
Motors: BP A2217-9
Props: APC 10x4.7
ESCs: HobbyWing FlyFun 30A
Battery: Hyperion G3 Vx 5000 mAh 3S 11.1V 35C
Altitude: MaxBotix LV-EZ0
Camera: GoPro Hero 2
Further down the road:
Wireless: Most likely Xbee 900mhz
FPV: Probably try for a 5.4ghz system
First good news, according to FedEx, my frame and mega kit were delivered today and are waiting for me to get home from work! Now while I work on putting the all headers, etc. on the Arduino, hooking up the shield and sensors, I can decide on the rest of the parts.
Looking forward to the build, trying to remember to document the process and joining the community here.