Chris,
The "standard basic 4x8" can be a bit of a misconception... especially as a small and/or beginner layout. It's all related to size...!
The room size
If you want access to all sides in order to be able to reach everything, you need a room of at least 8x12. That's a small bedroom or home office space. Think about the room you are going to put it in, and decide if it would be better to put a shelf type layout in the room.
The layout size
The square footage of the layout is the other aspect of the size question. A 4x8 is 32 square feet, while a 2 foot wide shelf around the same 8x12 room gives you 64 square feet of modelling space. It also allows for wider curves, and more linear features than the typical oval.
The cost "size"
Estimates for a finished railroad, not including the engines and rolling stock are often quoted as anything from $10 to $100 per square foot. Of course the sky is really the limit, but let's assume you balance RTR structures and commercial landscaping materials with some DIY and scavanged /repurposed materials. Even at $20 per square foot, you are looking at over $600, plus whatever control system, locomotive(s) and rolling stock you want. To say nothing of the books, collectibles, pictures, club memberships and so on that are often part of the hobby.
So depending on your resources (time, space, money), perhaps the 4x8 is not a beginner layout after all...
It certainly does offer many advantages though - and one of the more famous model railroads - The Gorre and Dephetid - was a 4x8 that grew (and grew, and grew...).
If your plans include the around the walls in a bigger room, I suggest that you simply start on a small (maybe even only 2x6) part of it. You will be forgoing continuous running - which for some is an overriding concern.
But having been down the road of a "failed" 4x8, I do not miss continuous running at all, and I am happy now with my modular approach, where things are built 2x4 feet at a time. That way, something I learn can immediately be incorporated into the next module, not the next layout.
I hope this perspective is useful. It is after all, only my $0.02

If after this "editorial", you still are convinced of that a 4x8 is for you, check out
www.gatewaynmra.org. They do fabulous things with 4x8's (and smaller).
Andrew