I installed recessed lighting in my living room today. The whole ceiling has plaster/lathing, so cutting the holes took a while, but I have all of the cans in place now. Two rows of three remodel cans run down between joyces so wiring will be easy, maybe another hour or so tomorrow to finish it up. The biggest time-waster was hanging out with Steve Hill, the guy wouldn't let me leave!
Costs:
6x remodel cans @ 9.99 each
3x 2-pack of light bulbs @ $4 each
6x light baffles @ 7 each (got the nice brushed nickel ones)
50' of wire $20
1x hole cutting saw (b/c of the plaster/lathing) $40 (ouch!!)
1x dimming switch $10
Total cost about $185
more pics:
http://www.scheides.com/gallery/house-work?page=6