Re: Need a tool equivalent to Test Director but considerably cheaper
My company does a tool which might be of interest, it's not free but pretty cheap, called Ken TestMan. It doesn't do the automated testing that TestDirector does, but does allow for easy organisation of the things you mention at a fraction of the cost. http://www.henshuu.co.uk/TestManagement.htm
So that this isn't just as a shameless plug, there are some freeware ones available. I don't think there are clear or as easy to use as the commercial ones, but they're open source.