I took advantage of a Black Friday sale to upgrade my 1949 shopsmith to a new "REAL" lathe. I bought the Powermatic 3520B (Mustard Monster). I love this thing, it is so much different turning on a real lathe. Things go quite a bit quicker.
Check out more info about the new shop toy on my Blog, Kapsworkshop:http://kapsworkshop.wordpress.com/2009/12/30/its-here-new-pm3520-lathe/