With music, its all what you prefer. Its a personal preference. For recording, the industry mainly uses Pro Tools. If you want help on these sorts of things, its best to ask MistaX.
Bumpin' this thread because my name is in it so many times.
Do NOT get ProTools! It is utter garbage. The ONLY reason people continue to use it is because it's been around for so long.
Logic is superior in every possible way. Once you get decent at working in Logic and then try literally just about ANYTHING on ProTools, you will know exactly what I mean. I cannot think of a program that is more cumbersome or questionably designed.
Can you tell that I don't like it?
Try recording a band in Logic and then tell me it's better than Pro Tools. Seriously. Go do it.
Logic is better for arranging and composition using samples and synths, if you can't actually play anything.
Pro Tools is beyond far superior for live sound sources, or DI instruments, or vocals.
Pro Tools is also beyond far superior in terms of mixing and mastering, especially combined with a real control surface like a C24.
Note that mixing and mastering are more dependent on the plugins you're using than the DAW itself, but I just find the workflow much more straightforward in PT.
The most important part of any modern studio, be it home or a professional level are your plugins, and the knowledge of how to apply them and use them properly. And also, the processing power to run them.
Waves are the only real "must have" and they also have the largest learning curve. L1 on every track and L3 on the master herpderp.
End all statement: Any decision you make should be based on the kind of music you want to produce. If you have a band, Protools and mics and a slick interface with a billion inputs (Preferably two Focusrite ISA828's, and Apogee AD/DA-16s) and a lot of soundproofing in your recording space. You want to make dubstep? Cubase/Logic/Reason/Whatever DAW floats your boat, a midi keyboard with some assignable knobs, a decent sample collection and some solid synths and you're good. You could even blow the few thousand you saved by not buying the two Focusrites and Apogees on a Nord Stage 2 and still be under budget)
Also, Sach, your monitor placement is horrendous.