Nice, do yourself a favor and mount a nice filter on your plumbing and an autodrain on your tank too. I used some Milton stuff, the main filter is only 40 micron but it drains water too. It keeps the air line much drier even without a dedicated drier. I do add a 5 micron filter before my plasma whenever I use it too, but not for anything else since I don't paint with it.
Thats the plan! Full shop plumbing kit is on my christmas list.