nawabz wrote us about a nice video tutorial by David Ward from BlenderCookie.com. The video started by adding the default human meta-rig template then adding basic IKs for the arm and leg and a fews constraints to the palm and fingers to make them form a perfect fist. The tutorial uses b-bone for nicely twisting forearms, spine and neck. Check out the video from his site.
In this Blender 2.53 video tutorial, I show you how to add the Human Meta-Rig, and set it up with constraints and such for easier and faster rig creation.
I also will walk you through how to recover your project files from a crash. My project crashes halfway into the video, so you will get to see this first hand.