I know the Wilton (on sale today at Menards for $79) isn't the best lathe, and with the plastic parts, won't last 50 years, but.....
I bought an older lathe last fall for $40 at a garage sale, spent some time and a small amount of $$$ to get it running, and it never ran great. Today, I decided to drop the frustration and some cash, and got the Wilton mini at Menards. I had spent some time playing on one at a friend's house earlier this year, and tried the Jet midi at a Woodcraft, but couldn't justify the extra cost right now. $80 later, the Wilton runs better than the old Power-Kraft (garage sale find) ever did, and it was actually fun to do some turing. I can see how this could become very addictive.
A few months ago, I took a pen making class at Woodcraft (the jet midi play-time) and have promised to make my wife some pens when I get this old lathe going, now I can actually do it on the Wilton.
Turned out to be a very good day!
Rob