I used to do a lot of trout fishing back home in the rivers before i left Colorado and came to school. Now I dont get out much anymore until I head back home, then the bass rods are put up and the fly rod comes out again. I would personally check out the St. Croix that was mentioned in an earlier post. They make some very good rods, and that deal sounds like a steal. Something else to look into as well. My first rod/reel combo was a reddington, and I really liked it. They also offer a lifetime waranty on the rod. If it breaks, you send it in adn you get a new one. Im not sure about their prices anymore, but when I got mine (better than 10 years ago) the rod/reel combo was only $100. Check in with them and see if they still make "starter sets." I wouldnt go out and get a fancy rod right out of the gates becasue you really arent going to be able to appreciate it, or make it preform the way that it could when you are just learning. Once you get the hang of things and really get into the fly fishing you will want to upgrade your rod. Upper end rods in the flyfishing world make a lot more difference than in the bass fishing world. Check out reddington....thats where i would start anyway.

P.S. once you get into it and want to upgrade....take a good hard look at Gloomis.