Depends on what you need. The blue driver is pretty good. You might be able to get everything you need with the Torque Pro app (if you have Android) and a cheap bluetooth OBD2 dongle. These things are read only, and can't perform test functions, such as evap tests (not bi-directional). Torque Pro and a BT dongle will be less than $30 USD investment. There is a free Torque app, but it can basically only read codes. Can't provide misfire counts and a bunch of other useful scan tool data. Pro version is $3-4, and is definitely worth it.
Tech 2 will work for most GM vehicles up to 2013 (some models even later), so even if you upgrade to a 07-14 Escalade, you should be good too. Tech 2 will support bi-directional controls.
If you want something that will work for most vehicles, and support bi-directional controls, get one of the Autel tablets. They aren't cheap ($500+ USD), but they can do just about everything. Key here is this will work for non-GM vehicles, model year 96+ too.