Digital BW, The Print

I'm interested in jumping in to archival B&W printing, but don't have 
the time, or certainly the money to look at the higher-end UT or 
peizo solutions.

I read an article on luminous landscape about new EZ inks, which are 
basically UT inks for use with very cheap Epson printers.  Has anyone 
tried this system yet?  Obviously, if I only pay $200 to get up and 
running, I can't reasonably expect the same quality as if I bought a 
2200 and all that, but is this EZ stuff a pretty good beginner's 
solution?

I'm a little mystified as to how it would work.  Using only the 
default print driver, I'm guessing we can't reasonably expect to get 
out of the printer exactly what we see on the screen.  It's just 
gonna shoot some toned ink out of the yellow nozzle when the driver 
calls for yellow, some different toned ink for cyan, etc.  Is this 
understanding correct?  What about if we get the photo looking real 
nice in greyscale?  Can we expect better results then?

Thanks for any help you could lend.  I searched the archives, and 
didn't see anything.

Matt