I have the Janome Memory Craft 350. It comes with the 4x4 and the 5x7 hoops, but you can buy the larger hoop to go with it which is not very expensive. I use mine frequently, and even though I bought the larger hoop, I rarely use it. The throat space means that you have to rehoop you design using the larger hoop, but as long as you mark your centre there isn't a problem. Its also on the lower end of the price scale - $2500-$3000. I'd love one of the newer machines, but short of winning the lottery or robbing a bank, I'll just have to dream.