Currently I am shooting with a Canon 5D and a 24-70 f2.8L lens. I also use the 70-200 F4 L lens. I have found that using good lenses makes a huge difference in the quality of images I get.
For lighting, I am currently shooting with Britek halogen lights with softboxes and ubrella diffusers, although I recently purchased strobes and plan to begin incorporating them into my workflow.
I edit my images in Photoshop CS2 before uploading to 123Royalty Free.