Sweet, the Hozan sounds like a decent little unit for its price.
A friend of mine is probably going to buy one for making replacements. I'll try it out and see if I can stand threading 36 spokes on it for my offset hub wheel, otherwise its off to the LBS with the Phil Woods cutter.
BTW, best price I've seen for the Hozan C-700 spoke threader is at
http://www.aebike.com who has it for 79.99$. Not bad!
Peace,
Sam