That's what I bought my HP laser for too, and I still never got the iron (at max setting) to work quite right. Cheap irons have less wattage than expensive ones, around 200W more. Maybe that makes a difference, I don't know.So THATS what the friggin problem is! Sheesh, I've read the writeups where they say "...and then set your Iron to about the middle setting, not too low, not to high..." and my toner didn't even begin to melt at that temperature. I had to set it all the way at the end, past all the settings and then leave it strapped to my board with bungees for about 15 min. I was thinking "man, I don't know what kind of Irons these guys are using, but mine sucks!"
I bought a Brother 2230 specifically for making PCBs. I guess I should have done a little more research. Other than the heat issue, it makes really nice prints.
The laminator is a different story. I feed the package around 8 times, not letting the board cool down much (it does cool somewhat). Given the difficulty of getting the PCB/paper/transfer through the laminator I don't really expect it to last long. This is relative though, it could still be several years of service.
I'm debating a different scheme for beginners. If I can find a source of thick, smooth aluminum plates it may be possible to press them tight on a package and use C clamps, then bake the whole arrangement in the oven.
If you have a chance though, the laminator is the way to go. A high quality extra hot (think temperature adjust) unit. I really liked Fenris's Completed project, where he replaced the thermostat of a standard laminator to bump up the heat.