Here is a list of the gear that I always wear, no matter what:
1.) Arai Quantum/f Helmet
2.) Joe Rocket Meteor 3.0 jacket
3.) Joe Rocket Ballistic 3.0 pants
4.) Joe Rocket Radiant gloves (the Radiant's are for winter, I have a pair of thinly made textile-material gloves for summer)
5.) Pair of cheap Wal-Mart shoes that cover my ankles
Leather isn't worth buying anymore. Textiles will take 10x the wear/force that leather will. Most of JR's textile clothing is 100% water-proof, whereas leather will only hold water out for a few minutes (that is, if you keep the leather conditioned correctly). Also, JR's Meteor jacket has bolted-on (yes BOLTED ON!) kevlar sheets, with shock-absorbing foam padding underneath. The Meteor has the kevlar/foam protection in the elbows and sholders, and a very decent spine protector. All of the professional riders (racers) that I know all love the JR Ballistic pants. The Ballistic pants have kevlar sheets on the rear-end, crotch, and knees (knee area also has foam).
If you go with thinly made pants/jacket, you should know that you WILL crash within the first 6 months of owning your bike. Everyone crashes. There are two types of motorcyclists: Those that have crashed and have now moved on to greater things, and those that haven't crashed yet ride completely paranoid around every obstacle.
Check out for your shopping needs. Their prices aren't the best, but you won't get repackaged merchandise either.
http://www.motorcycle-superstore.com