This truly is great.  Fridays are vegetarian in my house and I'm always in here finding something new.  This certainly fit the bill.  Very easy and quick.  I added 1/2 t. each of chili powder and cumin.  Also used kidney beans.  Just really good.

One poor grad student + one potluck = tasty Beans and Rice.

Pros: Cheap. Tastest pretty good even with less than fancy ingredients (bulk rice, generic beans, pepper from the "ripe" bin).

Cons: Not super flavorful, takes a while to make from scratch what a little extra cash would get out of a box or from the deli bar.

Changes: I rinsed the beans first (always do), and added the hot sauce and cumin per other suggestions.

This was good. I am against wasting half a can of anything... plus, I didn't have tomato sauce or peppers... so, I used salsa instead and didn't even need to add salt.
YUM!

OMG this is delicious!!  I used non-canned kidney beans to cut down on sodium and preservatives (pre-soaked of course), used a whole orange pepper, added cumin, and used the entire can of tomato sauce.  I also used brown rice.  This is definitely going to have to be a staple in my kitchen, YUM YUM YUM!!!