Looks great for yout first time. <img src="/ubbthreads/images/graemlins/thumbup.gif" alt="" />
I get my 1x30 belts from Lee Valley Tools. They have them down to 40 grit.
http://www.leevalley.com/wood/page.aspx?c=2&p=48040&cat=1,43072
And I use their leather strop belt. I will say that some folks have found the leather belts too loose and floppy to get a good edge, but mine has been fine.
I have seen debates about whether these motors can be safely slowed down, but since electrons confuse me, I stay out of those discussions.