Cheap Printer

I just bought an Epson 1280 from TigerDirect for $200 (just checked and the price went up today to 250). It has been talked up a lot in this forum and is a nice 6 color photo printer that prints 13x44 to the edge. I thought some starving student/designer might want one and thought I’d pass it on – I haven’t seen it this cheap anywhere.

Question: I believe the printer has been discontinued – how long before Epson stops making cartridges for this? Also, is it advisable to use this to print regular b&W text docs or should I keep my old printer for that?