Lucid -
When I cut, I usually eat around 1200 calories/day. I eat little to no sugar or other junk food, which is a killer for me because I'm a junk food junkie. I'm extremely disclipined during this time and usually don't have a "cheat" day.
As far as the foods in my diet, it's the typical healthy diet - fiber cereal, cottege cheese, lots of protein, veges. I bulk the same way, I just eat much bigger proportions (and I allow myself to indulge in the occasional crappy food, especially around the holidays).
I generally don't worry about when I eat my carbs. For instance, I'll still have whole wheat pasta (maybe once I week) at night, I just make sure it's only a 2-ounce serving. My food scale comes in very handy during this time.
Also, I do very little cardio when I bulk. I do a 15 minute walking warm up on the treadmill at 15 incline. This is really the only non-lifting exercise I'll do. Every once in awhile, I'll go for a run with a friend, but since it's getting cold now, I probably won't be doing that for awhile.
When I start cutting, I'll start by changing my diet. Once the weight loss plateaus, then I'll add in cardio. If I plateau with cardio, I'll add an ECA stack, if needed.
I've had great success with this approach.