One of the very best investments I've ever made in a kitchen tool is this Chefs Choice knife sharpenerChefs Choice knife sharpener. It is motorized and has three levels of wheel - one for grinding out really bad knicks, one for sort of once-a-month resharpening and one for everyday honing that will leave your blade razor sharp. The angle guides make it nearly impossible to use wrong.
Now I've got nothing against learning to use a whetstone or waterstone - I know how from woodworking. And I'm all for you learning how to use a steel. But realistically, most home cooks aren't going to do either of these things. A good, motorized sharpener that produces excellent results in seconds is the perfect solution.