That's basically a Tektronix Phaser at heart... uses wax (crayon-like) ink that's melted onto the page. It produces relatively good image quality, if you stick to Xerox ink, but everything will have a waxy feel that's impossible to write on with a ballpoint pen.
If it's in your price range I would actually look at an Oki instead. Uses LEDs instead of lasers, polymer toner, and is as simple as they get. Also has great image quality.
At my previous job we had a few Xerox Phaser 8400 printers. When we got an OKI (the one we picked was the ProColor 930, which is a tabloid printer at the high end of their product line, about $10,000) the colors from it just completely blew the Xerox prints out of the water. Later on we started testing the smaller units, and even the $1600 C830 had better image quality than the Phaser units.
Not to say anything bad about the Xerox products -- they're workhorses -- but I just don't know why anyone would choose them when there are better options for the same or less money...