Bah, forum ate my post, take 2..
Right, so I appreciate the feedback regarding hot air. I actually enjoy hand soldering though, so my inquiry into the hot air station was not with the idea of replacing my hand iron and using the station for reflowing entire boards.
I'm currently doing a fair bit of prototyping using Cortex microcontrollers, both for custom mech controllers, as well as other peripherals, so one of the main reasons I wanted the hot air station was to easily be able to remove MCUs or other components from my prototype boards as I iterate, rather than having to toss them if there's a fault on the prototype (I know, I know, should try to avoid having mistakes on the prototypes, but it happens). The MCUs can be expensive, let alone some of the other parts, so having the ability to easily remove them in order to tweak designs is something that is becoming increasingly important.
I do, however, want to use the hot air to reflow the occasional small QFN part - Freescale make a nice accelerometer, for example, but it's a 4mm QFN-14 and I consider my solder-fu good, but not good enough to do that with a hand iron
Edit: I have also considered the toaster oven, for reflow - but even a DIY reflow oven will still set me back $600 and use up an impractical amount of workspace in the area I have set aside for this stuff, not to mention not allowing me to easily remove parts.