I've been using the Tormek for a bunch of years and love the extremely fine grind. It is mostly worthless for shaping tools - for that I always used a separate coarse stone wheel on a bench grinder sitting next to it. .....
I have been using my Tormek since at least 1999 and have incorporated upgrades into it so that it is essentially the same as the current model other than the color of the powder coat finish ... mine is green and the new ones are blue.
I originally bought it for bench tools such as planes and chisels as well as jointer and planer knives. It wasn't too long before I filleted my thumb (that's how the ER doctor described it) using a carving chisel sharpened on the Tormek. I never felt a thing until the ER doctor started sewing my thumb back together. I knew better, but figured that I could get away just once with incorrectly using the chisel where I was pushing it towards my hand holding the piece of wood. It made a beautifully smooth cut in the wood on its way towards doing the same thing to my left thumb. I learned that the Tormek does indeed get tools sharp.
When I started woodturning a few years later, I went with my favorite Tormek after initially using a dry grinder for a few months and hating all of the white grit got all over the shop and caused me to having coughing fits from all the fine dust that hung in the air. Like a lot of things, it takes some practice to sharpen turning tools on the Tormek both very sharp and do it quickly. There is, however, one tool that takes a long time to sharpen on the Tormek ... the skew. On the other hand, I believe that there is a huge difference in skew sharpness using a Tormek compared to using a bench grinder with a wheel such as the Norton 3X. Because of that, I endure the lengthy process of sharpening my skews on the Tormek. With other turning tools such as gouges, the difference in sharpening time is almost nothing. Scrapers are sharpened on a platform and you learn quickly to pay attention or else the wheel with run away with the tool. Fortunately, that's not dangerous. Grinding away the heel on tools is a great help for sharpening tools on the platform. For most other tools a jig is mandatory.
I haven't tried the harder black grinding wheel for the Tormek that is specifically for sharpening turning tools. I've thought about a CBN wheel, but my concern is that the edge will be equivalent to CBN sharpened edges on a dry grinder. That's not a bad thing, but not quite as sharp as using the Tormek gray stone. If I get a CBN wheel. I think that I will get an 8" wheel for my dry grinder.
Would I recommend the Tormek ... yes and no. When I bought mine, the price at a woodworking show seventeen years ago was reasonable. I also sharpen hand tools that I would otherwise hand sharpen using wet diamond bench stones. I also sharpen other things like knives and scissors. If you sharpen a lot of other things besides turning tools then maybe you could justify the price tag. Otherwise, if you already own a bench grinder I would be inclined to just get some quality stones such as the Norton 3X wheels along with the Wolverine system. It is actually possible to spend more than the cost of the Tormek with a fancy dry grinding system.