I currently have a cheap spinning setup and am interested in trying a baitcasting rod/reel? What's a good beginner rod/reel setup that is fairly cheap and great for learning?

Try this one. I use this one all the time and love it. Plenty of power and control.

http://www.basspro.com/webapp/wcs/stores/servlet/Product_10151_-1_10001_90860_100003001_100000000_100003000_100-3-1

Thanks for the tip, thats a great looking rod/reel combo for a cheap price. I think I'm going to go to BPS tomorrow and pick it up! Thanks again!

my buddy bought that combo late last year.  he has no problems with it.

Learning is easier on quality equipment.