Clarification
A good standard printer but I upgrade to the 8600 series as its a better workhorse and easier on the price. Only other competitor I'd consider is the Epson 7500 series which has a slightly better print quality and allows for wide print and scan. But the ink price is better than the hp.
Cheaper to run that other inkjet printers; It does print in gray scale if configured properly [as other posters point out it does not]
Ink will always be a con; That being said there isn't any printer that lets you print w/out a ink in everything; Get used to it; If that's you're reason for a downgrade then you may as well downgrade every car that doesn't rely solely on gas