Color inkjet vs. color laser all-in-one printer?

I’m looking for a color all-in-one/multi-function printer (printer, copier, fax machine, and scanner) with an automatic document feeder and a glass (or whatever it’s made of) flatbed. I need something that’s not too large. We currently have a Canon MultiPASS F50, and while it’s a fantastic machine, we think it might not be a bad idea to begin looking at newer products. I need to know if it’s better to get a color inkjet printer or a color laser printer (this printer has to be color). On average, I usually print black-and-white Word documents (usually 50 pages per week), but do print in color often (aound 10 pages/week). What type would be more cost-effective to get? Any input is greatly appreciated, as are links to expert opinions. (While you can suggest printer models, all I really want is to know if it’s better to get inkjet or laser.)
Thanks again! (=
Okay, I’ll admit it: I’m not really looking for a new printer. I’m doing this for requirement 1 of the Personal Management merit badge, which involves planning for purchasing something that would be considered a major expense. Also, we have a good Brother B/W laser printer (only printer functionality), but that’s on the other side of the room (while we do have a USB cable, it would be too much work to hook it up to this desktop; we use it with the desktop near it and with laptops, but I like the idea :) . But, assuming I didn’t have any printer at all, would it be more cost-effective to buy 2 printers? If it’s only $50 (as per yisgood), that might be a very good idea.

Laser is more expensive up front but has a lower cost per page if you do a lot of printing. I’m not sure your volume qualifies. Color lasers are expensive. You might be better off getting an inkjet all-in-one for when you want to do high quality color prints and a low-end black laser for text. I have several printers including black laser, color laser and inkjet, so if you have more specific questions you can email me at yisgood@yahoo.com and I’ll give you more details. Generally, you can get a black laser for about $50. A color laser starts at around $150.
The Epson CX9400fax all-in-one is under $100. It does a beautiful job on photos. Epson ink is expensive but you can get good new (not refilled which I would never use) compatible cartridges for under $5 at http://ccs-digital.com/ink.asp