I got mine from Harbor Freight, I think I caught it on sale and then added the % off coupon on top of it. This was the large floor-standing sheet metal model and later I added their dust collector.
Frankly, I don't think I could've built one and saved much if any money, by the time you buy the gloves, glass, gun,light, nozzles, tearoffs, etc.
Having a sandblaster always seemed like a good idea, and now that I've had mine a couple years, I definately wish I had gotten it sooner.
Now I just need to drop another $1100 or so on a bigger air compressor....dontcha just love how Sears advertises a 2 hp motor as "develops 3.5 hp...."