Hi and welcome to TE.
This is just my personal advice, though others may have differing opinions.
I would recommend going into a local bike store. Since you are a beginner, and it doesn't sound like you have any one to give you guidance, I think getting advice from professionals about the right size bike and the right bike for the conditions you want to ride in would be worth the extra money if you can swing it. You can get Trek hybrids for around $400-500. While they may not be top of the line components, they are enough to get you started.
I started about a year ago on a Trek hybrid and it was perfect for me to get more comfortable with riding (I didn't even know how gears worked). Your bike shop may offer classes on basic riding skills, maint classes, rules of the road etc. You can also do a lot of searching on TE on almost any subject. I learned a lot here!
I wouldn't worry too much about cycling specific clothing to start off with, other than a helmet, maybe some cycling shorts. I spent the first year riding in my basic workout shirts/shorts/sneakers. There are a few other basics to throw in like a water bottle/cage, pump.
Go to the bike store, tell them what kind of riding you'd like to do, approx price range, etc and take a few test rides. Trek, Specialized, and Giant I think are probably all comprable brand names for hybrids. Others on TE recommend Jamis a lot too, though not sure they are as widely available. You might be able to find some decent deals on 2011's still.
Good luck!
Edit - Sorry, just reread your post...it does sound like you have some friends who are familiar with cycling!



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May it serve you well before you succumb to the addiction. There are never enough bikes!
