As a long-time sucker for every cheap knife-sharpening widget I've seen, I can tell you that the double abrasive wheels and angled steel sets are only good for knives you don't want really sharp and have sharpened by some other method. They work almost as well as a good sharpening steel. I've also tried the new motorized 3-stage knife sharpeners and didn't like the results.
I've found the Smith knife sharpener
http://www.knivesplus.com/smithsknifesh ... 50017.html to be pretty good for good run through the kitchen collection and a good start on my knives. The Lansky system looks to be identical to the Smith
http://www.lanskysharpeners.com/LKC03.php They allow you to hold the constant 23° angle for most knives or the 17° angle for knives you want really sharp. Every now and then I will take a knife back to my tried and true carborundum stone, followed by an arkansas oil stone, followed by a 600 grit paper followed by a razor hone that has been used since about 1880.
The Smith/Lansky kits seem to to a pretty good job and quickly. They do aid you to keep a constant angle on the blade. You can to a bit more polishing with 600+grit paper and a razor hone and it will sharpen the knife a bit more. A few quick strokes with a steel every now and then will restore the edge.
I've never tried one of the Warthogs, but I've heard they do well
http://www.warthogsharp.com/
I'm glad I've never seen the water wheel, or I'd probably have me a $400 kit to sharpen swmbo's Shell Gas Station Knives.
