For just a little more I got this with a hot air station and it works great.
That single button sucks, get one of the station ones that are a little bit more, its worth it to have somewhere to set your hot iron. That guy that suggested this one strikes a hard bargain. I'd grab the one he suggested.
Source: I have the Hakko, its great but the interface is nearly unusable at times. Also, the heating element just died in mine.
Thanks! I've got a dremmel and multimeter that work great but my soldering iron could be replaced. So I've decided to buy a much nicer $90 soldering iron.