You can buy a 7" X 12" from ToolsNow for the same price.
http://www.toolsnow.com/browse.cfm/4,876.html
Not only do you get an extra 4" between centers ( the 7' X 10' actually has only 8" of usable space) but a set of external jaws for bigger pieces of stock, a Tailstock Drill Chuck , a Moving Steady, a Fixed Steady, a 6 1/4" diameter Face Plate, and some cutting tools to get you started.
I also have to mention that Tools Now has excellent customer service. They replaced my circuit board and then the switches free of charge under warranty. [smiley=thumbsup.gif]
If you are lucky, you can some times find one at their traveling "Truck Tool Sale" and not have to worry about shipping charges. [smiley=happy.gif]
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The next thing I bought was the Mini Lathe Tooling Package from the littlemachineshop.com
http://www.littlemachineshop.com/products/product_view.php?ProductID=3486&ca tegory=
~ A2Z CNC quick change tool post set : turning tool holders accept tools with 1/4" to 1/2" shank. The boring tool holder accepts boring bars with up to 3/8" round shanks. The cut-off tool holder holds 1/2" tall parting blades.
~ 1/2" capacity drill chuck is mounted on a short 2 Morse taper shank
~ indexable turning tools includes 5 tools (TAR, TAL, TBR, TBL, TE), inserts, a wrench, and extra screws
~ carbide tipped 9-piece boring bar set
~ P1 parting blade is 1/16" x 1/2" x 4-1/2" .
~ 4 different sizes of combined drills and countersinks
all for $159.90