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Cubase SX is the full version of Cubase. SL is a cheaper version without all the options that come in SX.
These days, most programs come with synths and plugins but the quality of them are usually quite poor. The synths in reason are probably the best, although I have not tried Project5 yet. Otherwise, for VST and DX hosts, you are generally better off purchasing VST instruments as well as the host.
For example, if you ended up getting Cubase, then you would also need some decent VSTi to make your synths. The plugins that come with Cubase aren't too bad, but there are better. Its mainly the synths that you need.
I had a look at Cakewalk Home Studio 2004 and it appears to have no support for VST, only DX, so that rules that out as an option. Sonar would be a better option for electronic production. Why don't you have a go of the demo versions availabel HERE to see which one you like.
In general, everbody seems to recomment whatever sequencer they are using, which must mean that they are all good. So find one you like and then have a look through the VSTi thread to find some wacking synths.
(to answer your question {in no particular order}, fruity loops, Sonar, Cubase SX/SL, Project5)
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