I have a Janome MC350e and love it. It was a little over $1000 but has a 4x4 and 5x7 hoop. I recently purchased a 2x2 hoop as well. They have something called a giga hoop that is on my christmas wish list. It has a low bobbin indicator, a stitch indicator and you can back up when you run out of bobbin or the thread breaks.