That is a great deal on the mega quilter. Yes, it does FMQ, it comes with the foot and you are lucky to get the walking foot because it's over 100 to get separtely. It's a great machine, it goes really fast but has great speen control so mine is always set on super slow. It isn't finicky on thread but I use Aurifil as the viking rep said it likes it best and so do I since it's low lint. I recently bought a Ruby and could have traded my Mega quilter in but wanted to keep it; just wasnt worth it to get rid of it. You'll be very happy with it. You do have to oil it with each use but other than that you are good to go.