I have a Janome 350E, but I have to say that I think they must be about to come out with a new one--the technology is old now and while I've not had problems with it, it is time they did upgrade this model--$1500 is simply too much for this machine anymore.
Look for a used one--maybe someone who is looking to upgrade. Unless you already are SURE You want to embroider, don't spend $1500+ on a first machine.