I wasn't suggesting that he go and buy an adrenaline system..

that would be silly. I was just saying that I'd put Adrenaline up against any FCP setup any day.
I like Avid's interface, sure I may have to go into trim mode if I want to trim a clip, but seriously, the workflow isn't so great when I didn't want to trim the clip and but FCP assumed I did and I accidentally pulled the cursor. (granted undo works wonders)
The reason I suggest the HV30, is 1. it's a cheap and decent camera 2. it will have better audio and picture and 3. if you start out looking like crap, you won't get the coin. You need have some decent quality to grab the audience. 4. It integrates well with premiere.
As far as Grass Valley sucking, well.. the only thing I can say is that their automation systems are better than anything Leightronix puts out.. I don't even want to get into that as I had a horrible experience with a Leightronix system just the other day for a broadcast.
All the NLE battle's aside (AVID is still better shakran.. you will admit it one day!!), is the only thing I can say that you need to really be concerned about is framing, story lines and Color Correct, Color Correct, Color Correct!!! Wait, nvm, you'd need Avid to do a decent job of color correction
So yeah, I'm still going to say Premiere, because I could never actually recommend Vegas to anyone.. it's a pile of crap IMHO.
so let's break it down.. spend $1,000 on Premiere, $600-$800 on a decent cam, just capture the footage into Premiere, put on some simple overlays (There's probably even some template 3rd's in the package) and then broadcast.
That puts beginning cost at $1800 + man power. Not bad especially if it takes off.