I'd have to agree with Mark. Having seen the difference between a colour laser printout and a deskjet printout of the same photograph, I'd take the quality of the deskjet anyday about that of the laser.
Of course, if your printout's only 16 colours, nothing can beat a laser printer.
The only alternative that's left then are dye-sublimation wax printer, but I believe those are *really* expensive.