My lightest setup is homemade 1.1 nylon hammock + homemade bug net + speed hook suspension + cuben hex tarp (11 x 8) + 4 stakes = 20 0z; add 3-season Yeti UQ and short foot pad = 15 oz; 35 ounces total. I can go lighter by using a small asym tarp, which takes off 2 ounces for tarp and 1/2 oz for 2 less stakes. You can go pretty light if you work at it. DIY skills are helpful & the patience to save up the $$ for cuben fiber stuff.
The above setup has been used into the low 30's and for about 1/4 of my trips this year (about 7 or 8 nights). I like to use this one when I need to go really light, free up pack space for extra food, and still want to be comfy. Disclaimer: I am rather short, so I can use a shorter hammock.
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