Hey there fellas,
I converted my garage into heated/cooled living space two years ago. It is now my studio/office/guest room/den. Recently I got the carpet cleaned and had to clean the whole place out and put it all back together again.
I also have streamlined my equipment via getting rid of a few things (Yamaha Motif ES Rack, some rack hardware, old crap Behringer UB-1204 Mixer, etc.) that I never used so I can concentrate on using my core equipment to its fullest potential. I switched all my software/songs to a laptop and firewire AI so that I can go mobile (I do some mobile DJ work and run it all off my laptop, and also to record with other folks around town) because sometimes with 2 young kids you can't turn it up loud...
Although not nearly as pimp a studio as much of what has been posted, it's a great little spot and it fits my needs.
Oblique shot of main recording area:
1. Dell Inspiron Laptop / Intel Core Duo 1830s / 2 GB RAM / XP Home SP2
2. Mackie Onyx Satellite
3. Mackie Tracktion 2 v2.1x
4. Behringer Truth 2031As (blech...need HR824s soon)
5. Sennheiser cans
6. Wusikstation VSTi v3.10 / LinPlug RMIV / Lots of Samples + other VSTis
7. Virtual DJ 4.xx
8. Using a cheapy desk and a printer stand combo to be able to space out my nearfields
9. M-Audio MidiSport Uno
10. M-Audio Trigger Finger
11. Shure SM58 / Behringer B-2 / Mic Stand / Pop-Filter...
12. Old PowerMac G4, Dual 500s, 1 GB RAM, OSX 10.4.6, M-Audio Audiophile 2496, will use it someday as a soft sampler, maybe with EWQL Colossus...
Frontal shot:
http://img.photobucket.com/albums/v3...ll_Frontal.jpg
My only hardware synth is my Virus KC, and its my MIDI controller:
Guitars, where it all started for me years and years ago...
(1) Ibanez RG2550 EX (locked in case, I forgot the combo, oooops!)
(2) Ibanez SR350 Bass
(3) Fender Acoustic
(4) Line 6 Flex Tone II Amp + Extra Speaker
http://img.photobucket.com/albums/v3...exRG2550EX.jpg
http://img.photobucket.com/albums/v3...dinitscase.jpg
(What the hell is the combo? At least there are only 999 possibilities!)
http://img.photobucket.com/albums/v3...IbanezBass.jpg
DJ Equipment:
(1) Technics SL1210 MK2s
(2) Vestax PCV-002 Scratch Mixer
(3) Virtual DJ Time Coded Vinyl

My babies!!!
http://img.photobucket.com/albums/v3...0MK2s-pic2.jpg
http://img.photobucket.com/albums/v3...PASpeakers.jpg
Carvin PM15A Active Speakers...best value for the money IMHO.
http://img.photobucket.com/albums/v3...5Aspeakers.jpg
Other shots of the place just so you can put it all together...
http://img.photobucket.com/albums/v3...commonwork.jpg
Old PC w/ printer, phone, office stuff...
http://img.photobucket.com/albums/v3...edinStudio.jpg
Guest bed/futon couch...Matsa will sleep here once the authorities in Vantaa get sick of him and deport him.
http://img.photobucket.com/albums/v3...14-GuestTV.jpg
Must have a television and a DVD player...
http://img.photobucket.com/albums/v3...oftheStorm.jpg
Must have the old school lightning orb for late night sessions...I need a bulb for my lava lamp.
Cheers!
-Alex