My wonderful, generous husband gave me a Pfaff Passport 3.0 for Christmas for me to take to my sewing groups and workshops. It weighs only 13.9 lbs (great for my arthritic body to manage). It has everything I want in a sewing machine - including the built-in IDT (aka built-in walking foot) and thread cutter (that I don't use). It has 100 different stitches, one being a serpentine stitch that I used for a baby quilt. I LOVE this little machine. I know the price in Canada, but not the US. The Passport 2.0 doesn't have the thread cutter and has fewer stitches.
My PFAFF 2.0 indeed has a thread cutter which is conveniently located on the side of the machine near the needle. Very nice.