EW Hollywood series is great but 16GB of RAM would be almost a minimum.
Can't go wrong with Kontakt based libraries.
VSL and their software is so top notch.
There are plenty of complete orchestras for under $300. These tools sound great if you know how to use them. The most expensive library will sound like crap if you are clueless about orchestration.
If you are doing it as a hobby don't spend a lot of money.