I've had mine for 2 years now and I'm very happy with it. I bought mine on sale from Rockler & I see they are running that same sale right now.
Harbor Freight sells that exact same lathe with their Central Machinery name on it, so you can either get it in black from Rockler or green from Harbor Freight for the same price right now.
I haven't had a lick of trouble with mine & mostly use it for pens but I've also done other small things like stoppers, mini birdhouses, ornaments and candle holders. I haven't turned any bowls yet, but I plan to do so soon.
Changing speeds is fairly easy and only takes 15-20 seconds or so. I do almost everything at 4th gear (2200 RPM) though and rarely change speeds. If you plan to drill your blanks on the lathe though, you may need to change speeds more often than I do because drilling should be done at the lowest possible speed.
Neither Rockler nor Harbor Freight stock belts for this lathe, so I ordered one in order to have a spare on hand in case the belt ever breaks. It took several weeks for the spare belt to arrive, so you might want to keep that in mind.
In my opinion, it's hard to beat this lathe at the $200 price.