Can you comment on the regulations you're talking about as I'd like to prepare for future hurdles as best as I can. I'm guessing you mean compliance with FCC regulations and such?
For the OP: I have spent about €400 on parts for building two prototype units. Most of the parts were ordered on Mouser and with a few random bits and pieces on ebay. Of course, I'm not building processors or anything like that, but rather consumer (EDIT: well, not really consumer, more like specialized electronics.. I don't expect to ever sell these in an average electronics store) electronic devices (can't release details just yet, as I am in talks with potential investors). Curts links may prove extremely useful here.