A friend of my wife is interested in starting podcasting so I googled some links.
She has a Macintosh so I'm focusing on Mac tools
O'Reilly Digital Media Article - a good site for all digital media
Audacity is a good audio editor. It's cross platform and open source too. Free.
Engadget has a HOWTO that mentions free tools for receiving and creating
A Linux setup for Recording Video - many of the tools are available for MacOSX
From about.com - more info
iLounge is a cool iPod site with a Beginner's Guide
Most of these articles mention Free/Open Source software. You don't need to buy software to podcast. You can get by with a microphone, a computer, free software and maybe a webcam. Better microphones and a digital camcorder are obvious upgrades.
There might be Legal issues. This is the Creative Commons take on it. It's based on EFF's Guide. The EFF is all about protecting your legal rights in digital media. Since you're publishing, you care about Intellectual Property (IP) and Copyright. Lawrence Lessig is worth paying attention to.
I'd focus on creating the content, the audio MP3. I'd leave distribution to one of the podcasting sites. The about.com link has some sites.
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