In all honesty, I'd suggest a cheap printer with refill-friendly cartridges, plus a spectrophotometer. The ColorMunki is getting rave reviews, and the i1 Pro (either original or the new pro version) is the gold standard in the graphic arts industry (but really just entry-level in the world of spectrophotometry). If you go with either, for the best quality results, ditch the software that comes with the spectrophotometer and use Argyll CMS (assuming you're not afraid of the command line).
For desktop printers, the Epson Stylus Photo 1400 has a lot going for it, especially if you go with Lyson Cave Paint pigment inks. Cheap, large format (for certain small definitions of "large"), good quality, refill-friendly. I've got one as my small one-off / ream-feed printer. My real printer is an iPF8100...fantastic machine, but hardly what you're looking for.