I was thinking of getting one of these with the planer blade jig. If it
does a decent job it could pay for itself in a couple of years. But does it
work well?

I have only had my planer an jointer blades ground "professionaly" by a
local guy and I was really unimpressed. Living in a small town, the only
alternative is mailing them out which only adds to the cost.



And the Horizontal WetStone grinder is also on sale for $76.49
http://www.woodcraft.com/family.aspx?familyid=4866