here's a veeery simple studio setup that's pretty useful for just about anything. very generic, but it does the job when all you want to do is show off your model. so just place your model at the origin, above the floor/background and hit render. the background can of course be textured/changed in color to your liking.
.igs file for you text fiends
http://www.tomsvilans.com/temp/studioSetup.igs
.blend file (with included Suzanne so you can see right off the bat what it looks like)
http://www.tomsvilans.com/temp/studioSetup.blend
and a 3-4 minute rendering of said .blend file.

so you get the idea. 2 softboxes set up on either side of the camera, big enough to make a reflective object look reflective which i find is the biggest problem in most early/noob renders (if theres nothing to reflect, it wont look reflective).
have fun!
EDIT: shit. i seem to have deleted the .igs file from the server.
EDIT 2: fixed.