If I had the scratch I would probably go with one. Get the largest one you can afford and then go up one more size. I'm not sure how much smoking you do, but once you get into smoking with a good rig, you will be amazed at the things you can smoke. We did chicken and asperagus last night, yum. Tonight we're going to do beans, pork roast and mashed potato balls. The list is endless. I have a smaller sized propane smoker and am looking to move up. I'll probably build one, but the Traeger would be on the top of my list if I bought.
I haven't used a Traeger, but from all that is on the net, they are great units. The most important thing for smoking though is a digital temp. control. The 3 temp control won't give you enough control as things like wind and ambient temps tend to play havok when smoking. Also different things need different temps. Whatever you do enjoy, and post pics of the finished product. We all like food around here. :thmbsp: