Well, I have finally completed my underwater setup. I can't believe that it took me over two months to decide on what setup to go with and then purchase all of the equipment. If you live in an area like I do, where there is very little if any underwater photo equipment dealers, deciding what you need and want is a daunting task for a newbie. Fortunately in this day and age we have forums such as wetpixel for people to share their ideas and experiences.
That being said, I chose to go with the Olympus 5050, because for me personally it was the best value. I decided not to house my D60 because it would cost a significant amount more for the housing, the ports, the additional lenses I would just "have" to buy, etc.
To help others putting together their system for the first time, I have laid out exactly what I purchased to complete my system, what it cost, and where I got it. All purchase amounts include shipping.
Component/Cost/Store
Camera - Oly 5050 / $629 / d-buys.com
Housing - PT-015 / $269 / ebay
Sea & Sea YS-90DX Strobe - used / $365 / ebay
Sea & Sea YS-90DX Strobe - new / $425 / naturephoto in Japan
TLC Arms - two sets 4",8",8", handle / $263 / bhphoto
Custom Tray / $170 / Ron on digitaldiver
2 Fiber Optic Cables for Strobes / $83 / naturephoto in Japan
Olympus Wide-angle lens for PT-015 / $267 / naturephoto in Japan
512MB CF Card / $140 / buy.com
2 extra sets of o-rings for PT-015 / $35 / naturephoto in Japan
Tube of lubricant for PT-015 o-rings / $7 / naturephoto in Japan
2 extra o-rings for strobes / $13 / naturephoto in Japan
extra diffuser panel for strobe / $14 / naturephoto in Japan
TLC strobe adapters / $43 / Helix Camera
Total $2,723
Anyway, I can't wait to get the system wet, and my wife can't wait for me to stop talking about it. Now I just have to buy something to put it all in and about 100 Ni-MH batteries! Thanks for all of the advice everyone has given, directly and indirectly.
Chris