Where did you find that one?
Jim,
What if someone were to get one of those inexpensive misters from eBay and bought this to provide the air? Heck you can just run the misting hose right into a small plastic bottle...
The pic says $39.95 however the real price on the web site is $28.95 !
As to draining the Bridgeport, could you drill a drain hole in the front of the table and plumb it from there?
I've found those little compressors to be pretty noisy and they cycle a lot because of the tank size. It will probably be better if you could set it in another part of your shop so you don't have to listen to it. You might find that a mister uses more volume than pressure and a larger compressor that could be used all over your shop be more useful in the long run.