I've heard of it and seen them at the AQS show in Paducah. It is still in production so it may not be a dinosaur:
http://www.kenquilt.com/index.php?ma...&products_id=8
A stitch regulator is optional.
The 622 and 633 are the models I am familiar with because they were more in-line with my budget when I was looking for a home system. The Royal is a true longarm and way out of my budget.