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Ok, I'm not technically minded, but basically you're giving yourself the benefit of (or really close to) of a triple crank by only switching out the cassette (you can save your compact double crank). I tried this first because I'm a mtber for the most part and already had the parts and it's way cheaper than buying a new crankset (to add the granny gear). Most road derailers weren't made to accomodate a 32 or 34 tooth cassette, but mtb derailers are, so hence the new derrailer.
In terms of price, you'd be looking for a mtb cassette and a derailer (LX or XT would be fine).
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