Just thought I'd share my initial experience with my home lab build in progress and why I think it's better vs. just using something like Packet Tracer or GNS3.
Here's the topology so far:
2511 router that is mainly going to be a console router, but will most likely do frame relay functions as well
2621 router with 2 WIC-1T's
2950 switch
And I've got a 2650XM that's on the way to me, but I won't have it till Friday according to UPS.
I got some DTE/DCE cables in the mail this evening that I ordered last week, and to start playing around I connected the 2511 se0 DTE to 2621 se0/1 DCE and 2511 se1 DTE to 2621 se0/0 DCE.
So I start configuring 2511 se0. I go to config mode, assign an ip address and mask, no shut, and then the interface stays down. Hmm? I wonder what that could be... weird. Ok, well let me go to the 2621 and configure that end.
So I console to the 2621, config mode, assign an ip address and netmask to se0/1, no shut and still the interface doesn't come up. Ok at this point I'm really confused. So I go googling (keep in mind, I have never done this before ever and have only minimal experience) and ran across a few things that suggest I need to set a clock rate on the DCE side. So I set clock rate 56000. Still no joy.... hmmm.
I stare at this thing for the better part of 30 minutes, then it hit me! I had the cables swapped! No wonder why it wouldn't come up!!!! I swapped them over and sure enough we have packets flowing Houston! Was able to ping in both directions

I don't think I could have simulated this "mistake" in a simulator.
So the moral of the story for me was that this minor investment in the lab was worth it (I got most of the equipment I have for free, namely the 2511 and 2621, I bought the rest)
I hope to get everything racked and cabled by the end of the week. I've got a full 7 ft. relay rack (another freebie) with a shelf. I'm waiting on brackets and an AUI transceiver for the 2511, as well as the 2650XM. I'll post some pics up when it's done.