Many people eager for a high end digital camera buy a digital SLR body and then ask the question of what lens to put on it. Often they seek a wide-range zoom to duplicate what they could do with a point and shoot digital camera. Some have shot SLRs and film before, some P&S film, most P&S digital. A few are new to photography and wealthy enough to start high end.
(New: Because people have asked for even more advice, I have prepared an article on what digital camera you should buy. If, after reading that, you think a DSLR + lenses is the right choice, you can come back here.)
The typical camera choice in this area is similar to the Canon EOS 20D/30D/40D or the new Digital Rebels or the Nikon D100 and cousins. These cameras use 35mm lenses but have a sensor that is under half the area, about 22mm wide. As such they sometimes say they have a “focal length multiplier” of 1.6 or so, meaning that a 50mm lens has the field of view of an 80mm lens on a full-frame 35mm camera. (There are also full-frame cameras like the 5D, for those, the lens choice question is effectively identical to that for film bodies.)
When you take a picture, the lens does most of the work. In fact, in the days of film, the camera body made almost no difference in the quality of your picture. It didn’t matter if you had a $2000 EOS-1 or a $250 Rebel-G. Both would take the same picture on the same 10 cent piece of film if they had the same lens.
As such, it was typical to spend a fair bit more on your lenses than on your camera body.
The digital body is a bit more important. The quality of the sensor is important. But the lens is still the most important item for a good image. All these cameras, even the full-frame 11 megapixel 1Ds, have sensors that are around 7 to 8 microns in size. That’s small enough to need a good sharp lens to get the full benefit. And they’re getting smaller.
Now don’t get me wrong. These cameras are the finest out there. Their large sensors have lower noise, which is probably the most important thing. They have more useful resolution than the point and shoot cameras. So you could, if you are wealthy and don’t mind a big heavy camera, get an digital SLR with just one lens and get some benefit from it.
But the real biggest boon of these cameras is that you can change lenses, and thus you are really wasting a lot of what the camera can do if you buy only one lens for it, especially a highly compromised wide-range zoom.
So the answer to the question of “What lens should I buy?” is in fact not to buy just one lens. If you want to “start” with one lens, you are ignoring the price rules of consumer electronics: that electronic equipment depreciates very fast. The D30 cost went from $3000 to $1200 in about 18 months. The D60 went from $2200 to $1200 in about a year. If you buy just one lens to “start” you’re wasting a lot of the value of your camera while that value depreciates digital SLR Lens.
You would be better off to buy a high end point-and-shoot digital, in most cases, and then sell it when you are ready to get a digital SLR with more than one lens. It will be smaller and lighter, and might even take better photos most of the time. And while you will lose money on it, it won’t be nearly as much as you lose on your 40D.