I have the Janome 350e. It is an embroidery only machine and so far (just barely a month) I love it.
I've done Baby T-shirts, bibs, towels, kitchen towels, lots of quilt squares, aprons, and a bunch of machine applique for wall hangings. Fun machine. But be warned, the machine is just part of your start up costs! Them there's the stabilizer and be prepared to spend several hundred dollars on thread if you are going to do anything beyond Monograms and labeling!