Depending on your budget and space limitations, I would take a serious look at an inverter TIG machine. Lincoln's Invertec and Miller's Dynasty line. The nice part about an inverter is the smaller ones will plug into a 110 volt outlet, and are small enough they have a handle on the top to carry them around. A similarly powered transformer machine will weigh a couple hundred pounds, and require 50A or more input power.
I have a Lincoln Precision TIG 275. It weighs about 650 lb without an argon cylinder, and requires 100A input power. It is a serious machine, and I have yet to run into something I can't weld with it...new it is over $4000, though.
I have also done some welding recently with a friend's older Lincoln Square Wave 175 machine at his shop. I was pleasantly surprised at how nice a machine this is. You can pick these up used pretty reasonably...he has about $500 in his. It doesn't have all the bells and whistles of the newer Precision TIG series, but is a good machine.
I would recommend taking a look at Miller's site,
www.millerwelds.com. They have an online forum (obviously skewed a little toward Miller, but not too bad) where this sort of question has been debated to death.