Since I've never been one to go with the flow, I'd shoot Martins, Pearson, Parkers, AR, etc, basically skip the big 3. I've never been one to have what everyone else is using. Sights, I've always been partial to impact archery and montana black gold. Rests, you are on your own, probably with the latest greatest drop away, I still shoot old school prong rests. Stabilizers I think are over rated, so I'd shoot an S-coil. Releases, shoot what feels good, all the major brands. I would throw and STS on the bow, as well as all the other little limbsaver type things. Good luck, have fun.

I like Haz's post.

If you don't treat yourself to new gear that often, I'd outfit myself with the best gear before the "best bow". High quality gear will keep you in your stand longer, a new bow won't

New Gore-Tex bibs, jacket and hat, X-Static base layers, Quality Gore-Tex Thinsulate boots, Knee high Thinsulate rubber boots, wool socks and some nice warm fleece layering garments.

But, if your heart is set on a new bow, I understand that as well [8D]

If all you can spend is $1200and you want a new bow fully set upwith release, arrows and such. I would look at the middle of the range bows, such as the Fred Bear, Martins, Diamond, Reflex,and Mission.The reason I say this is any top of the line bows from the big 3, and your looking at$750 or around there just for the bare bow. On top of that add a sight, rest, quiver, stabilizer, wrist sling, bow sling, a dozen good quality arrows and release, well I bet your over $1200 with a tax. Of course it just depends on which equipment you buy. The options are endless

Example

Bows $300- $850 (bow only)

Sight, $80-$160 IMO this is one area you don't want togo cheap, get a good quality Fiber Optic with metal pins and wraps. I don't think you'll find much for under $80, and they can run as high as $160 for a excellent one such as Spot Hog.

Rest, $60-$110 Good quality fall away rests, such as Trophy Taker, Limb Driver, Rip Cordarejust a fewof the many that are on the market today. Over all they cost a bit more money, but are worth every penny because they help the average archer shoot better. IMO the saying you get what you pay for is 100% true when it comes to rests.

Quivers, $30-$100 Again I don't like going cheap when it comes to accessories, IMOplan on spending around $50 for good quality. My Mathews quivers cost $95, but they are rock solid.

Stabilizers, $20-$80 for most hunting type stabilizers. Here is one place you can save money, because IMO a $20can beas good as a $80 stabilizer for most hunting set ups. I realy like the Limb saver system, and they run on the high end. A $20 S-coil is good too, but so is a $40 doinker, or a $60 stealth.My advice is to pick out your bow first then find a stabilizer that balances well with your bow already set up.

Wrist Sling, $10-$15 (a must have if you already don't use one)

Mis, $10-$30 for items such as D-Loop, peep, string silencersand limb savers type products.

Bow Sling, $20-$30 I realy like Primos becuae it protects the string and limbs, but others such as Blacks Creek gear guide are a excellent choice too.

Arrows, $50 to $150 per dozen. I am realy liking the Axis Full metal Jacket with quick spins, out of our shop they cost $140 set up like that. On the other end we sell easton carbon storm for $52 per dozen.

Release, $30 -$150, too many to mention, find one that fits you and becomes a extension of your hand. A releasecan help make or break accuracy.

Bow Case?$40 on upIf you spendthis moneyon a new set up you just might want a nice case to protect your investment, unless you already have a case that works. Just from working part time in a Pro shop I would be willing to bet a lot of archers don't have bow cases. This is one area that tends to get overlooked.

As you can see, if you went high end, $1200 is not nearly enough, heck its easy to top the $2000 mark with high end fully set up rigs. But on the other hand you can get less expensive middle of the road equipmen for a lot less money and you can keep it below your $1200 limit.
The bottom line is the options are endless, and only you can realy know what you want. I agree with Davidmill, we can all sit here and blab at you but until you go around to a few pro shops and shoot different bow you will have no idea what you realy want.