Bought the first new in 1998 or so. Bought a second used 4 or 5 years ago. Ordering a 3rd today (when back in stock). Many positives for this tool. A couple of negatives. Power is good, lack of power is not really an issue with planed stock of any width/length on waxed cast iron if the ends of long stock are supported. Speed range is fine. Torque is a little inconsistent at its lowest speed but I generally only use that speed on moldings which are usually light weight anyway. High speed range is crazy high, Never used it. The positioning features are well designed and easy to adjust. Combined with its light weight, it's usually quick work to position it for any job. I regularly use them on the table saw, shaper, router table, and have one pretty much permanently mounted on the radial arm. It makes dados for cabinet backs and bottoms safe and easy on the radial arm saw. The drive components are all steel and should last forever. The electronics, on the other hand, not so much. I'm a professional cabinetmaker and this is NOT an industrial tool, so I'm not really complaining. The controller on my first went after about 2 years of daily use, I bit the bullet and bought the grizzly part ($85) because I needed it back in action. The replacement part lasted longer. But went after another few years. That time it was obviously the triac (burned and melted) which I replaced. When that one smoked, I found a solution which is more reliable (read below). The other concern is the wheels. And this is not an issue of use, but time. They glaze and harden quickly. Very quickly. You can scrape them once this starts but that only helps slightly. The wheels on the used feeder were so hard they actually shattered on the floor when I missed a throw at the trash can! At some point (a few years max), they start slipping instead of driving, no matter how clear of dust you keep the stock surface. Replacement is the only solution. Both shortcomings have their solution on e bay. The same quality wheels are ~$35 for 3 as opposed to $19 per from parts. And for less than $30, there are several sellers of a 120v ac to 90v dc motor controller that isn't an elegant fit, but with a $4 DPDT toggle works perfectly. I've had one installed since 2010 or so in daily use. The second feeder I bought was $50 because the controller was burned out. It got the same fix (see photo). You lose top speed but torque is better on slower setting and as I said, the top speeds are unusable for any acceptable surface finish anyway. With these 2 frailties considered, $350 is a great price for a solid tool. Definitely a "how did I ever get along without this" type tool.