Without spending thousands of dollars on a telescope you can take photos of astronomical targets using consumer photography hardware. It's even possible to take pictures of the moon with a pair of binoculars and a cellphone camera.
Given a decent point and shoot camera with a 10x zoom, decent aperture and a manual exposure mode you can take images of the Orion Nebula with ease, I've previous used a Cannon Powershot.
The image processing software I use is available free from here, there are newer alternatives too.
http://www.astronomie.be/registax/
This is the camera I show at the start, it's not cheap, but it's certainly not Pro Gear.
http://www.amazon.com/gp/product/B00F...
The Telescope mount I have is the Orion Skyview Pro
http://www.amazon.com/gp/product/B000...
The actual telescope is no longer available from Orion, it's a 100mm f/6 the nearest equivalents would be the 120mm f5 (bigger aperture)
http://www.amazon.com/gp/product/B000...
Or their ED 80mm F/7.5 (lower chromatic aberration)
http://www.amazon.com/gp/product/B000...