NooBs 1.4 Lite is the simplest way to have a variety of operating systems on your Pi. We have burned a copy of NooBs Lite onto a 4G card. You'll need a network cable to complete the installation, but you'll also get the latest and greatest version. You can choose from multiple OS's such as Raspbian, Pidora, Arch, XBMC, etc. There's a boot up menu for selecting which one you like.
This card has NooBs 1.4 on it, works great and has enough space one OS option. You can pick up an 8G card if you need to run more than one OS on the install.
As of February 27th, 2015 this SD Card is updated to work with the Raspberry Pi 2. It now contains: