Thank you all for your insight, I really appreciate it. It seems like all I have been doing is looking at lathes and lathe reviews online for the last 2 days to see what others think and at this point I think I just need to get back to work. I have found so much online about these different lathes and talked to a few people and I have to say that I feel like my decision is going to upset some of you but I have to say that I am leaning towards the Grizzly G04623. What it is coming down to is price, the Grizzly seems like a lot of tool for the money, $475 right now with free shipping. In addition when compared to the Jet at $749.99 the Grizzly can turn longer stock and has a 2hp motor compared to a 3/4 hp on the Jet. I am by no means a expert woodworker, and this lathe will not get used every day (unless I really fall in love with turning, which I hope I do) so at this point I may just say a few hundred dollars that i can put toward some turning tools and maybe look at the Nova down the road, at almost $1200 that might be something I move up to. What does everyone think, am I making a big mistake?