I have been using the English Standard Version (ESV) devotionally and in my studies for some time now. I find it to be one of the best of the current crop of translations. At The Spirit-Filled Life you will find an excellent endorsement of the ESV and its use in today's "dumbed-down" Christian culture. It is worth a thoughful read. Find it here: The Spirit-Filled Life. And for a good study Bible using the ESV check out the The Reformation Study Bible edited by RC Sproul.