FWIW...
This was $399 on Woot last Friday. It makes drip coffee and true espresso.
http://www.woot.com/offers/saeco-min...chine-silver-1
I've been using a Nespresso for 2-3 years now, and while I love the convenience, I miss the taste you can only get from freshly ground coffee.
Assuming the refurbished machine holds up, I would assume over time, this will be cheaper than the Nespresso.