I have a friend with a HF wet bandsaw. Initially he had a lot of problems with it and found that it was because the guides were out of adjustment and not holding the blade straight. He went through and aligned and tightened the little bearings and all and has had no other issues other than the pump for the coolant went out. He just uses it without the coolant now.
We have a small Jet 4"x6" saw at work that is a gem. No coolant which is fine for most people. I think it was around $350. Morse blades seem to work well.