Hi,
I, too, have a Babylock Elegante 2 and I second everything you said......love, love, love, my machine! It's user friendily, has great hoop sizes, and it quilts beautifully and has tons of decorative stitches, too. I use it mostly for embroidery as I also have the new Babylock Symphony which I use for piecing and quilting. I also have a Babylock Ellure which I use daily for piecing quilts at the quilt shop where I work. It also embroiders, but doesn't have a lot of the features of the higher up ones.
I love my Babylocks!
Bev