Awesome response so far. Thank you everyone who posted their responses!
I initially thought to myself that this was quite the list for a basic tool list - especially for a beginner or someone new to the hobby. However, after some thought, it's not really a lot of stuff and most of it's fairly inexpensive too. Except for a few things, most things are a couple of dollars.
A couple of additional things to consider adding are:
Toothbrush - for brushing away plastic shavings and stuff
Plastic bags/containers - for organizing stuff, temporary storage, a place to put small pieces, etc.
Pins/Needles
Tweezers
Bunches of old rags - for cleaning up messes, wiping off pieces, etc.
Sandpaper - You can save some money here and instead of buying small squares of sandpaper at the hobby store, go to the hardware store and pick up the different grits you're likely to use the most.
Not exactly part of a basic tool list, but also a razor saw and a pin-vise would be good.