You can now buy an attachment that lets you use Tormek jigs on the worksharp. Once you get them set up right, they work great!
I don't have alot of tools, but I did sharpen all the tools that I have with it. I used jigs to sharpen my gouges, skews, parting tools. I even used the "table" jig to sharpen my flat scraper and my bedan.
You can build up some heat if you go crazy with it, but if you take your time there's no problem. The worksharp is a slow speed sander, so that helps keep the heat down. It come with different grades of sandpaper, glass disks for the sandpaper (you can always buy more for more grits), and you can get a leather honing disk, plus alot more. The thing doesn't take up very much space either.
Go to their website and watch their videos on how to use it with the jigs. That will give you a better idea.
Ross