It is a Janome MB-4, 4 needle embroidery machine, so no more changing the thread after every colour, and faster embroidery time, which means I can do more covers, yay.
It is very similar to the industrial Tajima machines we use at the embroidery shop I work for.
It has lots features, you know all the bells and whistles. The big seller was the $4000 worth of bonus goodies that came with it. A design software suite, and image design disc, chock full of designs and lots more.
I will be able to plug my laptop into it and transfer designs straight from the laptop. Although the machine weighs 20+ kilos, I will be able to take it to craft fairs and do while you wait embroidery.