Can't help much, but there are 15 reviews of this machine on Amazon (and some comparisons to the PE770, which also has reviews on Amazon):
http://www.amazon.com/Brother-PE700I...dp/B0013J8F9U/
I found only one review of it at patternreview.com . To read it, you need to register there (free) and log in:
http://sewing.patternreview.com/Sewi.../Review/1/5144