Taig is made in Arizona and provides the headstock that Bonnie Klein used for the mini lathe she used to market actively.
They come with either a 3/4 by 16 or a ER16 headstock and no morse taper. They are stock as a micro metal lathe that can be adapted to wood turning. Bonnie uses the Taig compound to hold her threading jig.
The Bonnie Klein variant has a different bed with more throw, used the taig headstock and tail stock with an adaptive live center. The tool rest is not taig, and works well. The taig stock motor uses a multi diamteter pulley set, but variable speed motor works well.
Nick Carter in Oregon has a strong web site
http://www.cartertools.com/
There is a yahoo group for taig, with almost exclusive discussion of metal acrylic and milling.
The stock Taig live center works pretty well on wood and is a 60 degree center for pen mandrels. I use the 3/4 by 16 tooling and adapted a tool rest that is a bit better than the stock one sold by Taig. Too many screws to come lose on the stock version.
With a Beall collet chuck, the precision is excellent. The Klein variant is easier to use for wood than the straight Taig, but I use both for small stuff.
Does not have the threading capacity of the 7 by 10 and similar lathes, but gets a lot done for a nominal price.