I'll just throw out another. I've got a Devilbiss 60gal 6HP. The best purchase I've made. Lowe's used to carry Devilbiss compressors and tools, now I don't think they have either. I love this thing though. There's very little I can't do... Plus it was $300. Less than many half it's size. I've got a blow gun, chuck, 3/8" ratchets, 3/8" impact, 6" orbital sander, cutoff wheel, die grinder, mini die grinder (air powered Dremel) and a blasting cabinet... Most of my tools are also Devilbiss, and all work great... Just check the oil level in your compressor often (if it's an oiler), and keep your tools cleaned and oiled...
and yes, make sure you have more flow than you will need, because you eventually want/need it.