William,
I was in you same boat not long ago. I researched for quite some time on getting into this "hobby", if you will, as to what printer I wanted to get. A lot of it for me was I wanted to learn about this cool technology, but I also had a need. I create custom circuits and systems and such and wanted a nice way to be able to build cases for them. I knew nothing in the beginning and just started looking at various printers and their reviews. I can't even begin to tell you how many sites and forums I've read through, but the number is probably a big scary one.
For me, I didn't need a big expensive production type for me. I wanted one I could get my hands dirty on and learn about it, with the idea I could upgrade to better models as my needs and experience dictated. My priorities for picking one went to the levels of 1) reasonably priced, 2) open source, and 3) good support and participation to glean information from.
In the end, I wound up with a Velleman K8200 model printer. It's completely open source and when googled, I could find a lot of peoples thoughts on the printer. The open source part is nice as you can modify any part of it (and there are a lot of people who have made improvements...most of them you can print yourself). Also, being open source, you're not tied to a specific brand of filament that is chipped. (Some 3d printers require you buy their filament and includes a microchip that if not present will keep the printer from working...the DaVinci printers are the first to come to mind).
The print are of this machine is quite nice, measuring just under 8 x 8 x 8 inches (I believe its technically 7.8"x7.8"x7.8"). Another nice feature this printer has is a heated print bed. This helps keep the prints from warping as they cool. It's not a perfect science, but it does work pretty well. I did buy a 10x10 borosilicate (pyrex) plate to place on top of the heat bed. It doesn't come with one, but most will tell you it's a necessity. It does make it much easier to level the print bed which is extremely important for quality prints.
There are instructions out there as well that will allow you to turn it into a CNC milling machine with the assistance of a dremel. Kind of a cool bonus.
Overall, I've been very happy with my machine. Is it perfect, no. Does it work well, yes, I've had very good results with it.
A few tips:
1) Take your time building it and make sure you truly understand what you're supposed to be doing. The instructions are translated, but for the most part are pretty clear.
2) Accuracy is key. Seriously, for 3d printing you must be super anal-retentive about measurements and precision during assembly and alignment of everything...including leveling the bed. The extra 30 minutes or hour you spend perfecting this before you start will make it so much easier to tweak. My first print, while not perfect, was completely (and surprisingly) usable straight from the print bed.
3) I didn't like the ribbon cable they supply to make the wiring harnesses out of. It's very small ribbon cable and extremely fragile. I bought slight larger stranded cable and made my own harnesses from it. I spent a lot of time trying to make the ribbon cable work and was almost ready to throw the thing away before I decided to make my own. Assembly would have been much quicker had I just don't that from the start.
4) If you have questions, google is your friend. You can really learn a lot from others who have gone before you. I know I've learned a lot from googling parts of things. Thingiverse is a great resource for learning to just print with it. Lots of great things to just download and print.
5) If you prints are coming out right, you don't have something dialed in right. Readjust and try again. Remember, this is bleeding edge technology right now. It's not an inkjet printer you throw on the desk and it works.
6) When assembling the heat block in the extruder be very careful with the thermistor. It's very easy to break it. I killed the two that came with it in the first couple days I had it and had to wait a couple days to get more after ordering them.
I caught this printer at my local MicroCenter store on sale after new year's for $399. Most places have it about $599, but do look around. There are other similar printers...Aurora DIY comes to mind offhand. It's made more of clear acrylic pieces but is the same basic design. I liked the Velleman better as is used sturdier aluminum.
Customer support from Velleman was great. The fan that came with it tested ok at first, but died before I finished testing with it. I had one other thing that broke, too, but I can't remember what it was. Anyway, I made the call to their customer support for the US, which is based in Ft Worth, TX, and they sent me the replacements the same day I called. If our postal service was a little better, I would have had them the next day. Customer service was very helpful and answered any question I had in getting started as well as they replacement parts.
After those couple of hiccups, i've ordered a few spares of the thermistor and whatever the other part was that broke on me, but I've yet to have to use them since the initial problems. I've printed probably 30 or 40 various things and though, I've had a couple of hiccups, they were all easy fixes. Most of the hiccups were the print wasn't sticking well to the print bed glass. Again, this is where the hairspray comes in.
All the parts I've printed have been with PLA, but this printer will print with both PLA and ABS. PLA is a corn based product. It's more brittle and not as flexible as ABS, but is biodegradable. That also means you don't want to use it on things that will be in contact with degrading agents for extended periods, even including such simple things as water. ABS is the typical plastic you see almost everywhere. It's more flexible and heat-resistent, but is supposedly somewhat more difficult to print with. I wish I had experience with it to help you out, but I don't at the moment.
I don't know how much this will help you, but hopefully it will at least get you started in where to look. There really is a ton of information out there. Some of it requires a little thought in how to get google to give it to you, but it is out there. Have fun with it and just remember, it's a new hobby and enjoy just learning how all the parts work together to create the things your making. That part makes all the hard work getting it together worth it.
Good Luck,
Tim