A familiar story. Jr and High school woodclass. Years in a different profession. Then a wood project making a "firetruck" bed" with the help of a mentor master craftsman. A few more years, then finally time for a hobby. I had the benefit of the Shopsmith (SS) traveling academy class. Without the offer of the class I don't know if I would have invested in a new 510 at State Fair. (Are you reading this SS execs!). Anyway, in my humble opinion: The SS DVD on care, tuning, setup is probably valuable. At very least it will increase your comfort zone before you power up the spinning blade. As for woodworking skills, I found the hands on 4 hour classes at WoodCraft stores to be excellent. Also the if the traveling Woodworking Show
http://cms.thewoodworkingshows.com/cms/ comes to your neighborhood it is a good place to meet experts and see presentations. I could tell you to start simple and don't expect perfection, but I didn't and I do. But even with my less than satisfied view of my hobbycraft, I still find woodwork to be a relaxing, rewarding, fun hobby.
Enjoy the sawdust.