Thanks and sorry muskyed. Hope you don't have to wait much longer. Enjoy the unboxing was awesome.
For what I am doing right now I would have to call this my hobby which can make it sound like such a non-serious activity, but I do take it very serious. Even though I can make a few bucks, I do not earn a living at it so I would call it a hobby. As of now I have a career and a very small work space, so this will probably stay in the hobby range. I cannot deny that I did have some hesitation before pulling the trigger, but I am so glad I did.
Look at it this way. If you are just fixing your shaft now and then, a cue lathe is pretty frivolous. If you are looking to make cue repair/building a hobby, you need the right equipment and you will need to spend money knowing you will not be getting it back.
People spend thousands of dollars on scuba equipment and worse go buy a boat to go diving (swap fishing if you want). Why spend 20-30 thousand plus dollars on a "hobby"? Because you like it, and you can. We work so we can pay to play. Many players spend thousands of dollars on pool cues and can still get beat by a guy with a house stick. i.e. hobbies cost. It is up to you to decide if it is overkill.