Yes, I have one and I love it. The secondary expense you don't think about is the dies- they're not cheap! It comes with one that cuts 4" squares, 2 1/2" triangles and 2" squares. I bought a die that cuts 2 1/2" strips and it cost about $65 at my LQS. I have searched online and haven't found them discounted anywhere.
My LQS also offers the Studio Line one for "rent"- also at $10 an hour.