I currently have the Jet 1014vs. The only problem Ive had since purchasing it in December 2004 is my speed control died last week. Other than that it has been flawless and I have enjoyed many hours of turning. At this time if I were going to buy a small lathe I would have to go with the Delta 46-460 because of the additional features that it has over mine: Reversible motor/headstock, Indexing headstock, Accuracy of alignment between centers, Increased capacity between centers and throw, and the increased motor HP. All this for a higher price than some other lathes in it's class but you get what you pay for and I don't mind paying for quality and I'm told this lathe is built in the USA which is another plus.
I would buy this if I were looking for a lathe, I'm waiting for my circuit board to arrive in a few day and my little jet will be back in operation including a mod that I will install that will allow me to reverse the motor/headstock. Maybe when this jewel dies for good I'll buy a new lathe.