Here's another sub $200 setup.
SORD MFF Rig
http://www.sordaustralia.com/SORD/in...t=1&c=14&p=980 - AU$48.50 or US$43.50
Camelbak MULE
http://www.optactical.com/camelbakmule.html US$95.70
Blackhawk Triple M4 pouch (holds 6)
http://www.optactical.com/triplemagpouch.html - US$39.95
Total: US$179.15