Bruno,
I highly recommend getting a better table and as cheap a phono stage and cartridge as you can with the idea of upgrading them when funds allow. The better table/arm will by far make more difference. The recently revised Rega P2 is a good way to go, but I would go for the about-to-be-released upgraded P3. The upgrade path for the P3 is significant and you'll be much less likely to outgrow it. It has the option of the purpose built outboard power supply and many other upgrades. You could even get it with the Rega Elys 2 cartridge package for $1045, realizing a $45 savings, run it into a Bellari VP-29 for $76 and still be within your $1200 budget. If you were willing to stretch, the P3 with the Rega Exact 2 would run you $1295, with a $100 savings; $1370 with the Bellari. If you go with the Rega 'table/cartridge combo, set up couldn't be simpler.
Regardless of which table/arm you get though, prioritize as good a one as you can manage and uprgrade the other things later. Even in the short run you will have better sound.
Disclaimer: I'm a Rega dealer.
I highly recommend getting a better table and as cheap a phono stage and cartridge as you can with the idea of upgrading them when funds allow. The better table/arm will by far make more difference. The recently revised Rega P2 is a good way to go, but I would go for the about-to-be-released upgraded P3. The upgrade path for the P3 is significant and you'll be much less likely to outgrow it. It has the option of the purpose built outboard power supply and many other upgrades. You could even get it with the Rega Elys 2 cartridge package for $1045, realizing a $45 savings, run it into a Bellari VP-29 for $76 and still be within your $1200 budget. If you were willing to stretch, the P3 with the Rega Exact 2 would run you $1295, with a $100 savings; $1370 with the Bellari. If you go with the Rega 'table/cartridge combo, set up couldn't be simpler.
Regardless of which table/arm you get though, prioritize as good a one as you can manage and uprgrade the other things later. Even in the short run you will have better sound.
Disclaimer: I'm a Rega dealer.