Okay so what I'm seeing right now for party composition is:
Dwarven Fighter(Mike)
Wizard(Ryan)
Cleric/Sorcerer with plans to go mystic theurge(Hinkle)
Barbarian Prince theme(Caps)
I'm leaning towards a paladin right now but am flexible.
As for DM'ing I'm fine with any module so long as I'm given enough time to purchase it(if I don't have it) and get familiar with it, so I'd prefer to do one a bit further down the road(aka not one of the first 2).