This system is in the fabber category which has different systems of different capabilities. The MIT Fab lab is described in many places
The MIT fablab is more expensive at $20,000-40000
There is also the inexpensive Reprap system which is about $500
Version 2.0 (Mendel) of the reprap will improve on the Darwin version 1
Mendel's provisional list of planned improvements
Use of PLA as main plastic feedstock.
Metal deposition head.
Capable of manufacturing own electronics.
Automated exchangeable head mechanism.
DC Servos instead of stepper motors.
There is the rapid prototyping industry