I think the Bass Pro Shops combos (Hobbs Creek?) are pretty good. That said, I think I'm going to try a cheap tenkara rod (google "tenkara" for a variety around $60). It may not be as adaptable as a spin or regular fly rod, but geez ... a 12" ul rod at 1.4 oz?

If I don't catch fish with it, at least I haven't carried much.