That looks like a nice size mill for many hobby users. I bet it will be popular for conversion. Being already setup for oiled ways is a nice touch too. And the belt drive would lend itself to tossing a bigger motor on there with ease.
I've looked at the 940M with hardways a number of times. PM is about 15 minutes from my house. I'd probably go that route if I were to get a PM machine, but I have a G0704 now, so something marginally larger than it isn't too attractive. I'd rather make a big jump.