A calculator discussion on macrumors?! Omg. And we're talking about mostly graphing calculators? The discussion is about more than just it being made out of aluminum and having really good buttons? Holy cow.
The HP 50G is
not a Ti-83/Ti-84 equivalent, it is a Ti-89 equivalent because it can do CAS. If your calc professor is picky and doesn't allow Ti-89s or other CAS calculators, and they know what you're using, I doubt they'll allow it. Granted, most calc professors don't pay attention you could probably sneak it in. OTOH, if your prof walks around during a test and sees you evaluating an integral on a calculator.. you're in trouble.
Anyway, I ended up with a Ti-84 + Silver a few years ago, as my Calculus instructor insisted we have them and did a few simple demos with it. In the end, it was almost never allowed on the test and.. yea. total waste of $$.
Oh well.
In Calc 2, my teacher said we could use scientific calculators only. hehe, again.. No game. In Calc 3 (multivariable), it was allowed on some tests, but not others. Please note, the 1/2/3 was based on a 3 semester system at my college.
At the start of my differential equations class, the teacher highly recommended we dump our trusty 83s/84s for a more powerful 89/92/Voyage 200. I checked the prices on these, and opted for the much cheaper Nspire CAS. Hehe, the clickpad model was $80 at the time on Amazon and I sold my TI-84 for that! It can't be programmed beyond basic scripts, but programming a calculator is a bit of a lost art these days anyway - that's what computers are for.
It does a lot of things you'd expect a Ti-89 or HP 50G to do, and has alpha keys for the sake of saving you some heartache, and best of all it uses a higher DPI screen that is much nicer on the eyes.
If you consider a new graphing calc, I'd first suggest checking if that's still available cheap - if it isn't check ebay, because they were on clearance everywhere.. or wait till the NSpire CX comes out, because the current touchpad models will be on clearance soon.
Also: The 84+ Silver was discontinued, so you might find those for a song as well

Careful, they have no CAS! (but nor does the regular NSpire)
HP calculators are neat, and I'd have one - but everyone I know that preached about them ended up buying a TI for practical uses. Hell, I used to use a 48G emulator myself so.. I suppose it's a bit of a lost art too
For non-graphing gear, I rock a Sharp DAL calculator. I know how to use those funny looking TI scientifics of the olden days (that you still see floating around), but they are so clumsy. Who the heck decided to do *52*LN*?!
*shrug*
I will agree that not needing a calculator is important, but right now in diffeq we're doing lots of problems that introduce trig integrals and partial fractions. It is expected you know how to do them, but there isn't enough time on quizzes/tests in our classes to actually do them by hand, and that's where the calculator comes in. XD