I'm especially liking the new DC 2015. It is heavier than the 3160/4120 at 18 lbs but that makes it more stable for things like FMQ. It does have needle up/down, variable stitch length/width, variable needle positions, and a modest but adequate assortment of dec stitches. I also have the 4120 and its a great machine. The 3160 is just below the 4120 with all the features you want just fewer stitches so should cost less. It reportedly has the new SFS+ feed system but if you feel some of the computerized models are over-kill, then the new 2015 (very red!) does offer quite a lot and essentially same perks of the 4120..it is just heavier and has fewer stitches. It was $499 until just recently it seems price has gone up. Janome did have a price increase that went into effect last week on many of the popular models.