W.r.t. SDHC cards 4Gb or greater, class 4 or faster should be fine
FYI, the newest NOOBS requires a minimum of 8 GB. (really about 5, but rounded up, that means the card needs to be 8.) If you're installing just one OS without NOOBS, 4 should be fine, and 2 MAY be acceptable.
Giser,
The Pi was designed to work with things you may already have around: HDMI or composite TV, SD card, and USB power adapter (Trevor was right about not all PSUs being able to supply a stable voltage. Most everyone here recommends 1A because by the time the Pi draws 500-700mA, much less than that has a tendency to drop voltage too low to be stable.) Case is optional but recommended, of course you can alternately just screw it to a board if you're ok with that.
If you have something that might work, try it. If it fails, all you've lost is some time.