I have one of the Wal-Mart fold away photo cubes.
Comes with the 2 lamps, and a little mini-tripod for your camera.
I got it for Xmas, and really for the price, its not too bad.
The lights leave a bit to be desired and cast a very yellow light on your subject. Thankfully I have a couple of real light, lights that I use for modeling, and decided to use these with the photo cube. They work great and give you an authentic light....only thing better I find is bright sunlight.
The tripod I have never used, opting to use my full size one instead.
Here are a couple of pics taken with the booth. It comes with a reversible back drop, blue on one side, grey on the other. However it would be easy as pie to do other colors, as it is just a piece of material (need ironed mind you) with a strip of Velcro at the top to hold it in place.
Its great for 1/35 and smaller armor, 1/48 and smaller aircraft (depending on the aircraft), and 1/25-1/24 cars, as well as Sci-fi, figures and such. Anything bigger and you are better off just using a piece of Bristol board or something.