Well, I don't know anything about it at all, but my sister dyes and spins her own. You can see her work on her blog: www.trailingyarn.com. I think it chronicles her experiences in learning to do each really well. (And she tends to be funny, too!)

Also, there's some kind of fiber show coming up in the Carolinas - Not sure if it's North or South, but it's basically a huge gathering of fiber freaks, including my sister. If you're able to go to that, I'm sure you'll get tons of info.

The easiest, cheapest way to learn (without a 1:1 teacher) is by getting some roving (processed wool fiber) and a drop spindle. Paradise Fibers has a kit with an instructional video:
http://www.paradisefibers.net/Beginner-Drop-Spindle-Kit-p/3537.htm
and there are other sites on the web that have this sort of product too.
Good luck! Feel free to contact me if you have other questions.
Linda

Linda's on the right track. A spindle and roving is the most inexpensive way to start out. Personally, when I teach someone for the first time, I suggest they also purchase some yarn that is a single (not plyed) that they like and start by learning how to ply. That gives you a begining understand of the mechanics of the tools before traying to manage the fiber, too. I suggest this for people starting either on a wheel or on a spindle.

Good luck!
Shawna

Here's a great spinning website that has lots of videos to watch too:

http://www.joyofhandspinning.com/

I agree that the first thing you should try is a drop spindle and roving. Ebay has lots of inexpensive listings.

:) RedTartan