I stopped up at my local fly shop - JTs FLy Shop - Sunday and checked out some of their clearance items and they have a pretty good list of rods (Hardy & Grey, TFO), a few reels (Redington & TFO) and some fly lines at pretty good prices. You can check out the rods and reels on clearance on their website at: http://jtsflyshop.com/2011clearancesale.html
They don't have a list of the fly lines posted yet but if I remember correctly they had plenty of AirFlo and some Scientific Angler lines both fresh and saltwater lines available. You'll have to contact the shop for specifics.
If you are looking to get started at a reasonable price or looking to add something to your arsenal then check them out and give them a call at the shop 860-684-1575 or via email at firstname.lastname@example.org. Great folks to work with. Make sure you tell them you heard about it from Passinthru Outdoors.