When it comes to versatility in a printer, inkjets are able and affordable. Anything from brochures to photos to memos is in reach. There is a bewildering variety of inkjets: thermal inkjets, piezoelectric inkjets, networkable inkjets and more. Your needs will dictate which kind of printer you should get.
Although personal monochrome laser printers have dropped in price, it hasn't been enough to overpower the allure of even cheaper color inkjets. Not just for home use anymore, inkjets are proliferating as convenient personal printers in offices everywhere. If you can tame the materials costs, inkjets can be a wise purchase.
Before you buy, look at print samples from your prospective printer. Local stores are a good place to try this. Look at both text and graphics performance. Printers that put out wonderful graphics may not be so sharp on text and vice versa. If you don't have access to a store that sells the printer you want, contact the manufacturer for print samples and seek out impartial reviews online. Deja.com is a good starting point for practical reviews and helpful user opinions.