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For a backyard mechanic, Craftsman is the way to go, unless you simply like to spend money, then Snap-on is it. Some tools are better to spend the money, like and type of dial gauge, torque wrench, micrometer etc I would just get from Snap on or Mac.
I would not delve into air unless you have a relatively stocked box already. I have a compressor and don't use air THAT much. It's nice, but not a necssity.
Get a good American quality jack, I have gone thru 2 cheap-o chinese jacks in 2 years(same goes with those cheap-o aluminum ones). LARGE jackstands. A good flourecent worklight. Metric sockets in 1/4,3/8 and 1/2 drive, swivel and extensions. Torque wrench, longer Breaker bar, one of those Craftmen set of assorted pliers, a BFH, a shot filled hammer, prybar, assortment set of screwdrivers, A nice polished set of metric combo wrenches, and a nice cordless drill with bits. while your at it pick up some punches and drifts so you dont ruin the screwdriver using them as a punch. Top it off with a nice ball bearing box. Get a larger box than you need right now, you will grow into it.
I like buying tools cause its something you will have forever if you take care of them. Also take pictures of everything to give to your insurance agent incase it ever gets stolen!
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