My favorite casting rod is a MH power, Fast or Extra fast action. The rod that I chose was a MH/XF. It allows me to wing baits a country mile, but still have enough backbone to get fish to hand as quickly as possible.
It is an IM-10 rod, and built with the same blank construction as my beloved Teramar's. The rod itself is only 4 or 5 ounces, and paired with a Curado 200, the entire package comes in around a pound. More than light enough for me.
Now to the money aspect of this rod. I paid 150 for the rod, and pair that with another 150 for the reel, you would be hard pressed to find a combo that is as light, durable, and preforms as well as this does for 300 bucks. So go out there, get you some fish, and enjoy!