David Williamson teaches a very nice two cup routine on his DvD "Sleight of Dave", along with a multitude of other effects. It teaches all of the sleights needed in order to make your own routine (not very difficult). Other than that though, you could also look up Micheal Ammar's manuscript which also includes the vernon wand spin.
There is loads of material on the cups and balls, most of the moves are the same, just in a different order or with different finesses. Just pick one and go!
As for cups, it really doesn't matter all that much in my opinion... at least not for you're first set. I wouldn't spend hundreds on a very good set only to find that the effect doesn't fit your style after all, or that you are rarely in the position to perform it.