If you are only processing film, and are not doing anything bigger than 4x5 inch film, then photo-therm is probably a better choice than Jobo... better quality instrument and easier to use. Plus, photo-therm is still in the business of selling processors.
Sometimes you can find a photo-therm on ebay for a few hundred dollars. I actually picked on up for about $100, but that was an almost unheard of low price. You are probably looking at $500-$1000 in most cases at the auction site. The brand-new price is a few thousand dollars.
However, if you can get the Jobo for a good price then it might be worth a shot.
Thanks to everyone for all the advice.
In the end, I decided to focus my attention on black and white, so I will not be using a Jobo.
Is sheet film in your future plans? I only do B&W because I am 85% color blind. I started using the Jobo when I had a volume of MF and was moving to 4x5. Now I only do 8x10 (100 sheets a year) and 7x17 (250 sheets a year) and love the Jobo CPP-2. If you think that down the road you might go this direction I would grab the Jobo and store it until you are ready. They don't get stale with age. As a matter of fact since they are no longer sold new in the US (I think) grabbing it while it is free is GOOD. I got a spare that way.
I use Rollo Pyro developer from Bostick & Sullivan. I use the Jobo in an 8 foot sink with hot, cold running water and a drain. I go through a lot of fluid. I use the larger Expert tanks. In the process I have a 500ml of prewash, then 1300ml developer, two 750ml rinses, 500ml fixer, two quick 750ml rinses and ten changes 750ml of water rinse. Just to be sure all is clean of fixer I then fill the tanks twice and dump. Gallons. You definitely want plumbing and a sink or drain for this. Empty the unit is less than 20 pounds. I take it out of the sink and store it on a cart. Then I can use the sink for processing sheets of print paper in trays.
I think that Soeren has summed up the advantages of a CPP2 processor very well, even for B&W. It's worth reading his post or reading it again if you have glanced at it.
The Jobo is very versatile. I'd think again about your decision if I were in your shoes. If you do get it then place it on a bench at waist level. It really isn't practical to use it on the floor, even if your body joints are all in top condition. A simple syphon will empty it until that point at which the remaining water is sufficiently small to allow it to be lifted and the remainder poured out
I received a very helpful email from someone, and it explained why the Jobo is not well-suited to b&w processing. As someone who does not intend to do color in the near future, if ever, there is little practical advantage.
And I have no running water in the basement! Trays are not much of a problem to handle in this situation.