I've not used the belt drive but I can tell you that Brent (the owner of newspeedmaster) has been on this site pretty much from the beginning and is probably the best source of quality aftermarket parts for our bikes. Several of our members
have used this conversion and rave about it, and I'm sure you'll be besieged with positive comments about it. For my own part I'd jump on a belt drive if I could afford it.
Another method of avoiding lubing your chain so often is to get yourself a
Scottoiler automatic chain oiler. You'll still have to adjust the chain occasionally, but at least you won't have to lube it.
Matt