First off, ILock isn't junk (or at least I don't think so.) ILock has worked more than fine for my riding, although I don't do much park.
Right now, I'd say check SierraSnowboard - most of the boards (Besides Lib and Burton) are half off. What kind of riding are you planning on doing? All mountain? Park? A mix of the two? A good board if you're doing both is the Salomon Prospect; its a bit on the stiffer side, but its a good board. I'd also say chewck out a Forum Youngblood team ($195) or the Gnu CHB MTX.
Bindings...you missed the sales on whiskeymilitia I'm assuming. I like my Burton missions...botts you have to try in store to find a good fit.
Bindings: Burton Missions 07
Boots: Burton Freestyle 07