It all rather depends on how much of the work you're prepared to do yourself.
The actual power steering steering box is still available new for around the £300 mark.
Things have moved on somewhat since this thread started. Today, I wouldn't consider using the rest of the Rover hardware of engine driven pump, pipework, reservoir etc. Instead I would fit an electric pump with integral reservoir from a car buit around the turn of the millenium. It doesn't really matter what the donor is, as all systems work on the same pressure. I've seen people use pumps ex Vauxhall Astra and from various Peugeots.
The really difficult bit remains sourcing a passenger side wiper motor set up if your car doesn't already have it. You need the entire system, motor, mountings, cable drive and tubes and wiper wheelboxes. Something from another car won't do....
Then you need to source suitable feed and return hoses and couplers between the pump and steering box. Much easier than you might think. Look in yellow pages for a hydraulic hose specialist. They are very likely to be willing to visit you and do the work on your driveway. This is because their main market is earth moving equipment, which invariably breaks on site and not in a workshop. So they have vans tooled up with everything they need aimed at going to the machinery and fixing it on site.
Chris