Conclusion: The Brother HL-2040 is a good value, with fast performance, excellent text quality, and a 250-sheet paper capacity that's appropriate for a personal printer. But as you might expect from a $150 laser printer, it has its shortcomings—most notably poor graphics and photo output, and a tendency for pages to curl.
Pros: Very inexpensive. Compact. Excellent text quality. Excellent performance for the price. Adequate paper handling, with a 250-sheet capacity and a manual feed.
Cons: Graphics and photo quality are both relatively low. Oddly for a laser printer, output has a tendency to curl.