I have a HP Laserjet 1200, which is a $399 printer. I've owned it for a year and a half. Two weeks ago, it decided to malfunction, and after going through HP Tech Support (which is *excellent*, by the way), we have concluded that the problem is something I cannot fix myself. Unfortunately, the machine is out of warranty, and it costs $375 to fix. Normally, they would allow me to trade it in for $75 through an upgrade to the new 1300 (the 1200 is "obsolete" already, apparently), but because the 1300 is so new, I can't even do that.
So I have a $399 paperweight, and I have to buy a new printer. Oh, and I have a brand new $64.99 + tax toner cartridge which was purchased as part of the troubleshooting process. I opened it, which means that I can't return it. Luckily, it seems that there is a large market on eBay for just about everything. :)
I'm going to get an extended warranty for the next printer I get.
UPDATE: So I have my new LJ1300 now, and it looks the same except that the stupid USB port isn't hidden behind a cover that is nearly impossible to remove without feeling like you are breaking it. What did they change in this thing? It looks exactly the same. It sounds different, though, and the toner cartridge has two leads that must be wired to a chip or something. Stupid printers.
I did manage to sell my faulty LJ1200 for $50 to a nice Berkeley student. It still prints fine in 2-up mode because the area that doesn't print becomes the top margin when two pages are printed on each sheet.