So I went ahead and bought that $99.99 CH compressor and framing nailer package. I was looking at small compressors (I really didn't want to string hose from the garage), and this is actually a pretty nice little oil-lubricated unit. Everywhere I looked was selling the compressor alone for almost double the package price. I figured even if the nailer is junk it was less than free anyway.
Having never used a framing nailer I can't judge the quality. What I can say is that it sinks nails into wood. Occasionally it leaves one short, and I have to finish it with a regular hammer, but for the most part it seems to work suspiciously like a framing nailer. I couldn't be happier with the compressor. It is relatively quiet, but it hardly ever runs at all. It cycles for about 15 seconds after every 10 nails or so. I really barely notice it. If you were trying to run multiple tools at once I can see that it wouldn't work, but for one person working on a basement it is great.
Christmas highlighted the need for a "play room" to get the kids toys out of the family room and office. I've been working off and on at it since Tuesday afternoon. I got that room all framed and wired. I also framed in a linen closet, but I haven't framed the doorway yet. This room is all the way across the basement from the utility room, so I had to fish electrical and coax wire all the way. Fiberglass insulation brings the suck.