I went and had a look at it. It's massively constructed and nicely finished but it would still fit in a smallish workshop. The headstock is fixed, though, so if you wanted to make use of the outboard turning facility, you'd need a fair bit of room at the end of the lathe. The guys at Axminster said that "more are on order so it's not the end of line" but I see that in the USA, it's been replaced by the 4224B (branded as a Powermatic), so I suspect we'll be seeing that here before too long. VAc chuck fitting, DX, sliding headstock etc. Very nice!
By the time you've finished putting variable speed on it, it would probably cost as much as the 4224 but I like the idea of the crossover between engineering and woodturning practice - and the free-standing tool rest is included.
I'd want a very good look at it before investing that much money and I don't have the time at present, but I can dream!