I have learnt alot more about circuits and the applications of various components by just building pedals, the schematics for which I found online...
It's really fun Aschleman...I suggest you do it...there's just something really cool about plugging into a little box you made and having sound actually come out the other end.
It is hard, and you wont get it right first try...but it gets easier once you've done your first one.
Dude, check out www.zvexpedals.com for some inspiration (not for ideas of what to build, but for a level towards which to aim...Zach Vex builds some insane pedals...I'm about to order the wah probe)
[FONT=Century Gothic]Hope is when we feel the pain that makes us try again[/FONT]