The cabinet was made from cheap 3x2 timber for the frame and "boiler panels" given by my central heating "engineer" friend. The main costs were the castors (about £25) and dust extraction (about £30). I reckon the cabinet cost well under £100 in total, but needs one or two tweaks to make it easier to use - one being to put a light bulb in the lamp and a plug on it's cable! However, I am thinking of putting a "vision panel" in the end door for extra light - and another pair of hand holes there so I can blast the ends of larger items (eg tractor back wheel rims).
I've got a 11CFM FAD compressor with 150l tank (it was bought as a "SIP" but the decal fell off!), I would swear it wasn't running on two occasions while I was blasting! The "Pot" was an eBay purchase and certainly uses less air when working. The dust extraction didn't actually collect anything either in the bags or vacuum, but it does make a heck of a difference when working!

More pictures on my Flickr page
http://www.flickr.com/photos/cumbriantractorfan
These also show it being built (posted for benefit of a friend who was thinking about making one) as well as pictures of the tractors - which won''t fit in the dashed thing!!