I've attended a few classes on this software. It does a little more. There are 199 different fonts, monogram layouts, and the wireless feature. It is worth playing with just not "worth" being crazy expensive. Mine was included in machine (#2) too.
The path function lets you move the letters along a specified "path" such as angles and curves. Lots of fun with applique too.
The problem with software, in my honest op, is the price of upgrading when a "new" feature/function comes along.
The all inclusive Floriani is about 2K from my understanding. If you attend a show there are usually steep discounts.
Be sure to bargain hard with dealer.
Good luck!