I have an older Meade 60mm altazimuth refractor telescope with a equatorial tripod. It works fine for most planets but anything close (moon) is hard to chase as it moves across the field quickly. Also the tunning is a bit clumsey and you need patience to use it.
Make sure it has a spotter side mount scope as the main lens' power is hard to aim.
The price has come way down in recent years and there are accessories like pc tracking and digital picture capture. Just took a quick look at ebay, right from meade only $63 very simillar to mine (I paid over $300) http://cgi.ebay.com/ws/eBayISAPI.dll...tem=3830879347
Get a good beginers book too, it will help to setup the tripod and whats available to watch in any given night.