Dry suits also can be made of neoprene (like a wetsuit) or trilam. Trilam doesn't really have any insulating value, so you wear more undergarments underneath. Neoprene can't be varied as much, but has natural warmth. I have a Trilam and really like it, but you'll find just as many that love neoprene. If you search around the boards you'll find many threads about this topic.
Dry suits also require you to add air to the suit as you go deeper. The suit squeezes you as you decend. They are much warmer, and you're dry when you get out of the water. Dry suits are really popular here in Minnesota where the water gets pretty cold even in the summer. They are a little more difficult to operate, as the extra air affects your bouyancy in the water. Many people use the dry suit for their bouyancy control rather than their BC.
In all honestly, it's probably best to get used to being in the water with a wetsuit and master your basic skills before going to the dry suit. Dry suits are great but do add some extra skills while in the water. They dump air from a valve on the arm, so it can be a little more complicated to get air back out of the suit as compared to a BC.
Welcome to the boards by the way! Have fun digging around!