I paid that for a comparable Brother Innovis 4000D.
I only have 1 comment which may or may not concern you. I've owned 2 high end combo sewing/embroidery machines and I NEVER sewed on either one of them. I embroider a LOT and can't wait for the embroidery to be done before I go back to sewing so I leave the machine in the embroidery set up at all times.
If I had it to do all over again, I would have purchased the top of the line embroidery only machine. I have a really good 20+ year old computerized sewing machine that meets 90% of my needs.