It has been a while since I've played regularly, but getting back into it so I'm considering slowly upgrading clubs when I can justify the cost. I haven't stayed up to date on how much technology has advanced in what club areas and I am willing and likely to try and pick up 2011 or 2012 models to save money.
Here's what I'm playing now:
Driver - Taylor Made Burner - 2007 model
3w - Cleveland ~2006 (Don't use it much, might be more inclined to use one if it was better)
Irons - Ping i5's - 2006
Wedges - Cleveland CG10s - 2006
Putter - Scotty Cameron Mallet - 2007
If you were replacing with limited funds where would you start?