Hi,
I did the taped joints solution on a house myself. It is harder than it l;ooks, and I spent days sanding the jointing off, the finish was acceptable, apart from one room where I was losing patience.
In terms of tools there is a wide blade tool for doing the joints or you can use a plastering trowel. There is also a corner trwoel available for internal corners - BUT be warned, however hard it is to get a decent finish on the stright joitns between the sheets, the in ternal corners are very hard to do, and external corners are a nightmare (or at least that was my expeience)
For external corners you will need drylining corner tape (NOT the beads used by plasteres for skim coat). Ask in a builders providers explaining that you are drylining only,not skiming and they should put you right on the stuff you need.
Having said all of the above if I was to do the same house again, I would have had it skimmed properly and cut the cost out somewhere else - no question.
L