I have a Jet Mini Lathe that I picked up used on craigslist. I shopped around for quite awhile and checked many brands outs before opting on the Jet. Like many other comments here you have to decide what and how you plan on using this tool. Myself, I knew going into it I was primarily going to use it for bait building and the mini lathe fit the bill.
No complaints so far.
As Mark noted, sharp chisels are a must, protect the eyes, no loose clothing, a dust mask and you're in business. Play time.