I switched over to CO2 a couple of months ago after I found a cheap tank at a local flea market, and so far I love it. Got a regulator from a home-brew beer store and had it filled at a welding supply - total cost about $60. The regulator has two guages, one for tank pressure and one for output psi and the pressure can be adjusted in 1 lb increments.
The only downside is that you have to be careful not to knock it over and break off a fitting (mine is chained to the bench). I have heard that the tank pressure can read 800 psi until right before it runs out so you will probably need some sort of backup in case you run out in the middle of a session.
Any long-term CO2 users out there that can confirm this?
"Trust no one; even those people you know and trust." - Jack S. Margolis