Great post. Ya know, this is a decision that each person has to make for themselves given their objectives and budget. Seriously. For instance, if you want to try TIG welding and you only have $300 to spend ($200 for the machine and $100 for a cheap reg and small argon cylinder), then you either buy a cheap machine like this and give it a try, or you never try TIG welding in the first place. I personally think that's it's worse to never try something than it is to waste a little money, if it is indeed "wasted". If you took a welding class for $200 and decided that it wasn't your cup of tea, was that a wasted $200? I dunno. At least with this cheap machine, you could try it out for 2 weeks (or 30 days? can't recall), and then send it back if you don't like it. You can't generally get a refund on a class.
If you can afford a good machine to even see if it's something you think you can learn, go for it. But realize that you'll probably buy it new, and then sell it at a loss if you realize that it's not something you want to pursue. Is that wasted cash also? My answer is "yes"...other folks' answer may be different.
Now, keep in mind this perspective is the hobby-welder's perspective, and "you" is anyone, including me. If you've been welding for many years and already have it mastered, know why you need it, etc., then don't bother with a $200 machine...save your money and get a good machine to start with. If you're as experienced as you think you are, then you ought to be able to accurately assess exactly what you need to do what you want. If you're trying to figure out if it's something you want/can learn, then a $200 machine might be a candidate to being learning on. That's the approach I took, and when I felt like "yes, this is something I can become proficient at", I then sold the cheapo (for more than I bought if for, actually) and bought a high-end machine that I didn't think I would outgrow. This was my approach and it might not work for everyone. YMMV!
The one caveat that I should mention here is that TIG welding on a cheap machine (not enough power, not enough duty cycle, no gas solenoid, and no high-frequency arc starting) can be a really frustrating experience, and could very well make someone decide "this isn't for me". However, if you can manage to run a halfway decent TIG bead with one of these cheapo's, you ought to be able to rock-n-roll with a good machine.
As always, IMHO. /forums/images/graemlins/cool.gif
Regards,
Dave