I just started. I picked up a Jasmine acoustic guitar and the cd rom and some other goodies. The cd seems pretty well thought out so far and it had great reviews online. It should tied me over until i can get into some classes.
So far I've learned the following chords: A7, C, G, G7, D
Learning them is easy, but being able to quickly and accurately switch between them is a bitch!
I decided to stop there and just keep practicing until I'm comfortable with it before moving on.