Remodeling basement for 1st time!?!?!
Alot of folks go with drop ceiling in basements, IMO unless you really break the budget and go for the top of the line systems, it just looks like a basement. I hear people all the time saying they want this in order to have easy access to plumbing, elec, etc. Personaly I think you're better off to install a drywall ceiling with access panels for anything you would need to get to, drain clean-out and shut-off valves should be the only thing you ever need to get at if you build it right.
All you need is ignorance and confidence and success is assured. - Mark Twain