After printing based on test strips for 40 years or so, I bought an RH Designs Zonemaster II meter, and love it. Once I calibrated it, I get "close" with the first print, and then adjust from there. There is, however, another learning curve involved.
For background purposes, Dusty, different enlarging meters take different approaches. Some simple meters, for example, aim at metering a mid-tone value and exposing accordingly. Like regular exposure meters, the results are often a matter of how good you are at understanding what the meter is telling you.
In contrast, the RH Designs (and similar, more sophisticated meters) use shadow and highlight measurements (via a small probe used on the easel) to suggest the proper contrast grade, and then suggest exposure based on the speed and contrast curve for a specific paper batch stored in the memory of the meter (the "calibration" process).
The concept of "f-stop printing" is simply a matter of thiking of print exposure variations in terms of "stops" - just like you would when exposing the film in the camera. As such, it may be easier to learn as a "beginner" than later.
Thus, I agree that a good meter like those from RH Designs can be helpful, and save time. But, I also agree with Dave - understanding the basics (and, thus, what the meter is telling you) is essential.