I'd say that inline gets more important when you get to big volumes and doing your transfers by pump.
You really can't aerate with a wand like this if you are filling a multi-barrel conical.
At the 5 or 10 gallon scale, the wand works and like you said is easy to clean.
As far as aerating starters, get (or build) a stir plate and there's no need to worry about aerating them.
FWIW, I have something along the lines of what you are considering buying and I love it.
Mine uses the little red O2 canisters you can buy at Home Depot, Lowe's or Ace Hardware.
Yours uses bigger welding O2 canisters so you'll get a ton of batches out of 1 refill.
It has a HEPA filter also so that anything from inside the canister (oil?) will get filtered out.
you can splice one into the o2 line on yours very cheaply if you want one, too.
see this;
http://www.williamsbrewing.com/IN-LINE- ... -P440.aspx[edit: cheaper one from NB]
http://www.northernbrewer.com/shop/brew ... ilter.htmlThis is close to mine (but this lacks the above HEPA filter that's simply added to the O2 line):
http://www.northernbrewer.com/shop/brew ... n-kit.htmlSo, in a nutshell, the wand is easy to clean, but only effective for small (home brew sized < 20 gal) batch brewing. The inline is effective regardless of batch size but mandatory when going to pro sized batches. It is probably easier to over oxygenate with the inline one too. I'd add the HEPA filter for 5 bucks just to ensure nothing (rust, dirt, oil) passes in from the canister.
HTH-