Digital BW, The Print

Hello everyone,
 
I apologize in advance for posting questions (below) that are not specific to B&W printing.  However, I believe that I could get the help I need from everyone here.
 
In short, I want to do my own digital printing, but do not know where is a good place to start.
 
I have a Canon FS4000 scanner, a Pentitum III PC that I built myself with adequate amount of SDRAM, Photoshop 7, a Sony 19" monitor, and a Nikon 35mm system.  What I need now is a printer to close the loop.
 
There are two choices for me, Epson 1280 or Canon S9000.  I like the Epson more because of the CFS inking option from MIS, but I am not sure if I should go down that route.  Epson has a $100 rebate on the 1280.  I also like dye-base ink because of the more vibrant color.  Archival quality of 25 years is good enough for me (Epson HW Matte Paper).
 
Roughly, I estimate that I would make about two large prints a week (11x14 or 13x19).  They are for my walls and those of friends' and family's.  I will also use the printer for printing academic material (pictures of histology slides, pathology images, etc.)  
 
My worries:
 
1.  This might be more than my student's finance can handle due to hidden cost of more tools that I might need (monitor profile tool, printer profile tool, etc.).  I can afford the printer, ink and paper but that is about it for now.  That brings up point...
 
2.  Could I get reasonably good prints with the equipment I already have without purchasing all the calibration tools (I will later when I have more money!)?  
 
3.  Given my projected ouput (2 large prints/wk + academic material), does a CFS from MIS make sense?  To me, it is very tempting due to the money saving.  I am a student and saving money is always high on the list (you might wonder why I choose photography for a hobby...beats me!)
 
Those are my main concerns.  I would love to hear pros and cons and recommendations.  Again, I am sorry if this has nothing to do with B&W printing (I have B&W negatives, but they are in 67 format & I have no scanner for that).  I hope you won't mind.
 
Thank you for your time.
 
Regards,
 
Nghi


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