Edit - 01/15/2015: Eight and a half years later, this gem is still cranking out great coffee. I had it serviced by the wonderful folks at CoffeeBoss in Cornelius, NC last year, and it's still going strong with a cup count of 9,922. The brew group is not user serviceable, so occasional maintenance should be expected. I use distilled water (at the cost of flavor, I know) now that I'm back in the city on municipal water, so I don't need or use the Clearyl filter (I recommend it for tap/well water, though), and I do use a cleaning tablet within 5-10 cups of when it starts asking for it on the LED display.
As with all other blade grinders, transferring grinds to a machine or another container is a messy process. Its grind uniformity cannot compete with a burr mill of comparative price. While adequate for finer grinds, the Capresso 503.05 still underperforms for French press and cold brew. Furthermore, as with all other blade grinders on the market, this one suffers from a buildup of coffee dust. With a tiny bit more money, you can get a much more versatile machine like the 559 (#4 in this list) or 560 Capresso burr grinder (#2).
You also get programmable push-button controls for milk, hot water and espresso outputs and given the fact that the 1003380 Accademia dispenses great beverages on demand, it’s great for those who don’t like to wait for long before their drink is ready. In total, there are 7 buttons that you can use in order to prepare one of the following drinks hot water, latte macchiato, latte, cappuccino, cafe lungo, cafe and of course, espresso.