I bought the simple little Brother PE-500. I paid $300 and on Amazon it is now a little cheaper. It has a field of 4 x 4 and lots of built in stitches. I wanted is JUST for labels and absolutely love it. I have no desire for any other fancy stuff so it is perfect for me.
It stitches all by itself while I am sewing quilts. You can save things in it that you use all the time for lettering.