I've had that lathe since August 2008. I love most things about it but have had one bad experience with it.
This fall the switch quit working on it. For a while I could wiggle it, and finally it got to where it wouldn't come on, no matter what. I finally ordered a new switch.
I got the old one out and started to put it back in. To make a long story short, the cabling between the control board (front side of lathe) and the power board (back side of lathe) and the speed sensor (top of the headstock) leaves no room for manipulation. I tore the cable connection for the speed sensor off the control board.
When I called Grizzly to order the control board it was not available, with no promise of a ship date and the cost was (IIRC) ~$90. The control box (complete assembly, including switch was ~$200. They couldn't offer any other suggestions.
A friend and coworker of mine worked for Canon, fixing circuit boards to put himself through school. He was able to fix the board. Oh, BTW, the reason the connector broke off the board is because it wasn't potted properly during the manufacturing process.
I put the board back in with the new switch and the lathe is running again. However, whenever I switch it on I can hear the contacts in the switch arcing so I know it is just a matter of time until I will have to do it all over again. When/if I do, I will probably recable the lathe so I have some slack to work with in the wires.
One other small thing on the lathe - on almost all the other similar lathes the hole for the tool rest is on the headstock side of the slide. On this lathe, it is on the tailstock side which can make it awkward to get the tool rest close to a large bowl.
The speed control on this lathe "hunts" for lack of a better term. I have another electronic variable speed lathe that does not do this. By hunting, I mean that if the lathe is running in mid range or high range in a medium speed on the dial, when you load it with the gouge or parting tool, the lathe will slow down and then speed up to where under load it almost runs faster than at no load. Then when you take the load off, it speeds up quite a bit and then slows down to the 'set' speed.
The size of the lathe is very nice - smallish but big enough to turn a 12-inch blank. Oh, that reminds me - download the owners manual and read through it before you buy. The outboard turning attachment is of limited use - the only way to mount something to it is with a waste block screwed into the four holes on the hand wheel.
The lathe runs very smoothly and quietly.