I assume you've read the sharpening FAQ available here on Bladeforums and have skimmed through a few of the past threads related to this aspect of owning a knife? If you can get hold of John Junranitch's "The Razoredge Book of Sharpening", that would be good too.
What sort of stones or hones are you using at the moment? Sharpening a knife relies on being able to hold a constant angle and on knowing how to feel for a burr. Apart from that, any reasonable sharpening stone would work.
The Sharpmaker 203 and 204 assist in keeping a constant angle. But it is still up to your own steady hand to actually keep that angle constant, and also up to you to decide when to move on to sharpening the opposite side of the knife. There are some mechanised sharpeners that keep the angle constant for you, but you still need to feel for the burr (Razoredge system, Edgepro Apex or Professional). Also, the Sharpmaker stones are not of rough grit, so sharpening a really blunt knife would be difficult and time consuming. Many others have posted about a simple solution to that, being that they use a coarse diamond hone (DMT or similar) and lay it against the Sharpmaker's stones so that the angle is maintained.
BTW, I would advise you to stay away from all those electric sharpener gadgets. I have only had experience with one, but from reading of other's experience, it would seem that most of them don't work. Try learning how to do it by hand. But if you want to, and if you do get a really good review from an end user, then go ahead and get that electric sharpener you mentioned. But only if an end user can endorse it!!! The descriptions may sound good, and on principle it might appear to work, but don't be deceived.
On the other hand, if you have a wad of cash lying around, and a couple of blades you don't mind messing up in the event that the machine doesn't work, then please do us all a service and evaluate it for us. I, for one, would be glad to find out about a good electric sharpener.