Sounds reasonable, would personally go for a matrix reloaded instead of the Magic Module, but that is personal choice. You will also need to consider a Programmer, Infinity Poenix USB or similar and perhaps a couple of fun 6 cards and a Titanium.
The Matrix Reloaded is more flexible than the Magic (many have converted their magic to MR), The Magic does have one advantage, in that it can emulate Conax, but you need a card for everything else, whereas the Matrix appears to be able to emulate near everything else and only requires a card for Conax.
right then got everythig sorted with my matrix cam ive programmed it with the 2 funcard 6's now whats the titanium card for??????? and what is the conax ? i bet your all thinking what a drip some of the questions i ask lol sorry