What SilvrSurfr recommended was about what I was going to recommend. It's a good, easy-to-use design that allows you to bring the net or not depending on your needs.
Also, if you don't need your tarp to be camo, the Tadpole can be had for $85 + shipping (look here), which brings the total down to ~$226.00 before shipping and such.
Weight of the system may not be a concern, and that's fine. However, this is a much more comfortable and easy-to-use set up than ENO would be, especially the bug net, tarp, and suspension system.
Personally, I've spent the last year cutting everything I didn't need out of my pack (and working really hard on my general fitness level) to be able to do very long days on the trail. But, even if you don't have a goal like that (even if the goal is "to figure out the lightest system that I can be comfortable with, just for the lulz"), it's still worth looking for quality craftsmanship in the equipment you use. Also, I've heard nothing but glowing praise for both Wilderness Logics and BIAS as far as customer service goes, so if something winds up being a little screwy, you should be covered.
Just my two cents; it's really worth everything you paid for it.
"Just prepare what you can and enjoy the rest."
+3 on the BIAS hammock and Buginator. I love it. It is a great set.
You cannot solve a problem with the same mind that created it. -Albert Einstein
rei has nice tarps. light and cheap, just rectangular. theres always the kelty noah.
ENO hammocks are comfy, but they come with drawbacks. First off, you need to buy everything separately. And I mean EVERYTHING. Hammock, suspension, ridgeline, tarp, bug net. Where, you can find set ups around here where you can find things integrated, and with more bang for your buck.
If you're buying on a budget, Hennessy isn't a bad option; Warbonnets are tried and true around here, and Wilderness Logics makes great quality products.
I solemnly swear that I am up to no good...
Just to add on to what others have said, its good you asked about ENO. The tarps have next to none coverage in heavy storms. All guylines must be replaced very quickly due to the crappy line used. Lets just say ENO's traps have a long way before they could possibly match up to others of similar price.