I got my Technics SL-1200 MKII for some years now, and I am really happy with that turntable. Great sound, stability and performance.
Another guy who enjoys his turntable is here:
http://www.arar93.dsl.pipex.com/mds975/Content/vinyl01.html
http://www.arar93.dsl.pipex.com/mds975/Content/vinyl04.html
On cartridges:
http://www.arar93.dsl.pipex.com/mds975/Content/vinyl02.html
I've got a Grado Prestige Red which performs well. Over at SteveHoffman (The audioslaves gathering ground) many recommends the Audio Technica ML440. The Ortofon blue also performs very well.