I play.
I used to play quite a bit, but I only made it out once this year. (Strangely, I'ved played much less since I bought a Porsche.

)
I've gone through a lot of different equipment in the four years I've been playing. I currently have a 2003 Bushmaster BKO (heavily modified) as my primary marker and a 2004 Autococker (if you can call it that--I built it myself) as a backup. Everything runs off of compressed air--no CO2 for me.
I've got a few paintball jerseys that I wear when I play. One is flourescent blue and the other is bright red...I don't need no stinkin' camo.
The most important piece of equipment by far is the mask. If you go cheap everywhere else, spend absolute top dollar on a mask. This is the part that protects your eyes, ears, nose and mouth from projectiles traveling at 290 feet-per-second. Also, the cheaper masks tend to be much less comfortable than the high-end ones. I've got a Dye Invision mask and it doesn't feel like I'm wearing anything when it's on.
BKO