This is my favorite of the bullet-shaped water smokers because it is so versatile, but bottom line, I like the cabinet style better.
You can use either gas or charcoal as fuel. It converts into a brazier or a tripod for boiling water or deep frying and it comes with a 10.5 quart aluminum pot and basket. Like most bullets, it uses an enamel water/drip pan to put moisture into the cooking chamber. It has a small door at the bottom so you can add wood chips or fill the water pan and a damper at the top to help control air flow. Made of thin stainless steel, the lid dents easily and the plastic handle breaks easily if dropped. A clerk in one store told me that he has had to replace the handle on his floor model several times just because it is knocked off by tire-kickers. It is the only bullet I have seen with a side shelf for trays or tools. Like all bullets, it is not insulated, and there is no wind shield around the burner, so cold temps, wind, and rain will make it hard to maintain constant temps.
If you buy this smoker, immediately go get yourself a good thermometer. The thermometer that comes with it sucks. The two 15.5″ cooking grates are just a bit too small for some large slabs. To get max capacity, I have to cut slabs in half, but I can get eight half slabs on it easily. You can also roll the slabs and get about six slabs on this way. It is similar to the popular Weber Smoky Mountain, which burns only charcoal, but the Weber is built from heavier metal with an enamel finish. Electronic ignition. Lists for about $130 for the black enamel and $325 for the stainless with the shelf (above). For direct ordering for the black enamel from Amazon.com, Masterbuilt 7-in-One Smoker.