CatHunter, I also live in OR but have for my entire life. I started bow hunting about seven years ago and today finally upgraded to a new bow. There are several posts recently in the Archery forum with everyone's opinion on which is the best, you can read through them and get a sense for popular opinion. I had a fairly inexpensive Martin bow which I shot a few animals with and can't really complain about but finally felt it was time to upgrade. I shot the Mathews Switchback, Hoyt Trykon, and BowTech Allegiance, most will tell you these are the top three on the market these days but each has his loyalties. The best advice you'll get is to visit a local archery shop and shoot all the bow's your interested in; everyone's style is a little different and each bow will fit differently. I found the Mathews to be too "jumpy" at full draw, it really wanted to fire if I let any tension off. I liked the Hoyt, it shot well and was well balanced but the Bowtech shot better for me. They all shoot right around 300 FPS and will cost you the same (roughly $700 naked). If you're looking for something cheaper, check out Martin, I liked their bows. You're right though about archery hunting in OR. Far fewer units that require draw tags, less hunters in the woods, longer seasons, and once you have a chance to send an arrow into an animal you'll be hooked... I swear! Good luck to you.
Not sure where in OR you are but there are Sportsman's Warehouses in Portland (I-205), Salem, and Bend. If you're around the Portland area, Archers Afield in Tigard is a good place with plenty of bows and shooting lanes.
LBR