No.
It is like that with all printers. They try to sell the printer itself pretty cheap, then they charge a huge amount of money for the ink. They also make it illegal for other companies to make ink for their printers and sell it, so they sue them, because they cant stand a bit of competition. Then they are alone in the market, and sell the ink cartridges for sky-high prices.
Strange that there isn't a standard for ink cartridges that work on all printers? No?
Most printers also print a microscopic dots in yellow, which you cannot see, which contains the serial number, so papers you print can be tracked back to you.
http://www.eff.org/Privacy/printers/FOOK THE PRINTER INDUSTRY!
I don't own a printer, and I sure as hell don't plan to buy any. If I had to buy one, it would be a laser printer.