I have recently fallen in love with the whole tent/hammock setup. I have never slept better camping than I have in the hammock. There are several out there to choose from. I chose the Hennesy Hammock with the hex rainfly. When it is cold out (below 35 degrees F) you need have some sort of insulation between your sleeping bag and the air below you. These things pack down small and are really comfy.
I would also give a thumbs up to the Eureka Timberline stuff for bang for your buck. I have an assortment of tents from the years of camping.
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08' 530 EXCR, 09' Yamaha FZ-6 and dreaming of a new bike