I use Badger Crescendo, Model no. 175-7 since years.
http://www.rexart.com/media/bad175_lg.gifTried many stuff, also:
Revell - well, good for beginners
Hansa - good for exp. users
The Badger is surpreme and the different models are not so expensive. I am very happy with it.
Most important is you get spare parts for it in every good retail shop or on the web. It comes with three different needles even for the finest work.
The most important is the compressor unit. Get a good one with a airtank and water filter (spelling?) and one not too loud. The water filter gets out the water particles otherwise you may have some dots in the fresh paint here and there.
Very important is to keep the tools clean afterwards. It is difficult to clean when you have the paint dried up!
I played with Ultrausound cleaners just for the airbrush, but it is not worse.
For paint I recommend Acrylic water paint only. (Don“t get the Revell paints, too expensive and not possible to thin with water).
I recommend these kind of paints, every in a good retail shop or ebay:
http://i16.ebayimg.com/01/i/03/7f/cc/f6_1_b.JPGHansa color is also very good:
http://i11.ebayimg.com/02/i/03/7e/ed/89_1_b.JPGor like mentioned above the Aero color sets.
The paint is waterproof after it dried, of course.
Have fun