Hi JMane! I'm a noob, so take this for what it's worth. I picked up the WSKO2 Elite about 6 weeks ago (after previously having the Edge Pro Apex and getting a diamond "stone" from Sharpal)
The short answer is (as with everything), it depends.
If you're just planning on sharpening your home kitchen knives, the kit that's included is a great starting point. If you end up finding that this is something you really enjoy and want to do more than just your knives, you'll probably want to add some things. If only doing your own knives, you can readily take care of them initially, then maybe need to sharpen them a couple times a year. The belts that come with the KO ought to be good for a while. There's terrific tutorials on YouTube from Work Sharp for using the machine:
One thing that isn't included in the kit that might be helpful is something to help clean off the grinding belts (kind of like an eraser). Sharpening Supplies Dot Com has them listed as "Abrasive Cleaning Stick". Am not including a link because I'm not sure if they are a supporting site for this site. The idea is that the abrasive belts can get sort of clogged with material that you've ground off the knives. Using the abrasive cleaner helps extend the useful life of the belts.
Good luck!
Bruce