I found out that you can get a Jet DC-500 (part number 708660) dust collector for $120 delivered. This is basically a single machine DC with ~500 cfm capacity great for small (garage) shops. This is what it looks like:
http://woodworking.jettools.com/Products.aspx?Part=708660&cat=333122
http://woodworking.jettools.com/Products.aspx?Part=708660&cat=333122