Hi! I recently bought a Funjet and threw together a setup. Flightmax 3s 2200mAh 25C, PowerHD 40A esc, HxT 2836 2700KV inrunner and Graupner 5x5 speed prop. Flies beautyfully. The setup wasn't expensive and it's a blast in the air.
To those who automatically bash anything cheap and non top of the line, this is a FUNjet. It was designed to be fun. The super quality cutting edge parts aren't necessary outside of competition use. Those who can afford it can use them anywhere, but it's not necessary to buy expensive parts to have fun on the field.
Just to blow your wigs off, I use a Turnigy 9X