I started off with a Legend, lost it and replaced it with a Vista - basically the same thing with a barometer, magnetic compass and more memory.
The accuracy was very acceptable to me - generally less than 9m, and as low as 4m (or 2m with WAAS). People complain about how sensetive the eTrex aerials are to orientation, but I’ve never had problems - in fact, I doubt I would have figured out the right way to hold it on my own. It does help to leave it lieing facing the sky for a few minutes before moving with it.
I’ve been told the rule of thumb for GPS altitude error is double that of the horizontal error. This seems to be borne out by experience - it was never more than 15m off the altitude markers at ski resorts.
Getting a signal can be irritating in a forest, but it’s more intermittant than useless. The same applies for cities. You might be suprised at how easy satellite signals can be blocked, so don’t expect a reading inside your house. On the contrary, it excels anywhere with a clear skyline - countryside, ski slopes, etc
The Legend does support WAAS, but it drains the batteries and isn’t really worth it for a few metres more accuracy. You also need to leave your GPS facing one of the WAAS satellites for a couple of hours the first time you use it.
No matter what the error in position, a GPS receiver is very accurate at measuring your ground speed. Mine comes in handy as a speedometer for things like cycling and skiing. In fact more than any other ‘toy’, the magic of a GPS never seems to get old. I’m sure you’ll continue to find uses for one you never thought of when purchasing it.
In case you’re wondering, the only reason I switched to the Vista is to generate more detailed elevation profiles from ski trips. However, I must admit that more memory is also a bonus - transferring several megabytes of data over a RS232 connection is not something you’ll want to do often. The electric compass is simply inferior to a real (and cheaper) compass.
You’ll get more for more money, but your extra dollars are spent on increasingly trivial features.