This is all you really need.
DSCF1871 by , on Flickr
A homemade jiggin stick still works pretty well.
DSCF1877 by , on Flickr
And these DIY jigging tip-ups are extremely effective.
DSCF1389 by , on Flickr
I do have some ice rods kicking around but I dont use them much any more. After a trip to Florida a few years back, I switched to these things that they call "Cuban yo-yo's" down there, basically a big hoop that you wrap line around. You can feed/ take line quite effectively while fighting fish, last year I caught a 36" pike on 6lb line while fishing for walleye, lots of fun. Mine are 9" in diameter, so they cant be pulled down an 8" hole. I jig with them, or just leave a couple sitting on the ice as a very low-tech setline. Wander from hole to hole, work the bait a little, when you see one start spinning go grab it... simple.