I would go with a single small chandelier above the island and another chandelier for above the kitchen table. It would be easier to make suggestion on specific lighting with a picture of your kitchen. Also, make sure you post your question on the kitchens forum.

You could also add in more recessed can lights over the island if you don't want to install a pendant light. If you decide to use recess cans I would install a wide spot light bulb so it directs the light straight down onto the surface you are trying to light. Good Luck with the new lighting!

Here is a link that might be useful: Recessed Can Light

You can also use track lights. I love Bruck track lights and have used them in my kitchen - the track is close to the ceiling and track heads hang lower and my ceilings are low, but they look pretty so it works for my kitchen.