I don't remember if I answered before; I don't think I did, so here goes.
I bought one 2 years ago and while I haven't used it a lot, I find it to be adequate for what I need (quilt labels and such). I bought mine off ebay too, and received with it around 40 spools of polyester embroidery thread and PED-Basic software, which you will need in order to be able to download different designs from the Internet and load them onto the card that comes with the machine. I don't remember if it came in the box with the machine or separately. There are a LOT of free designs on the web. I haven't had to buy any yet.
The embroidery quality is good, but not fantastic -- not commercial-looking by any means. A lot depends on how much care you take when putting your fabric in the hoop. I haven't done any of the built-in designs, so I don't know how good they are, but the built-in stitches are pretty good, and there are a lot of them. You will need to use stabilizer; I use the iron-on, tear-away stuff.
Things I don't like: the area around the needle seems crowded (small) to me, but that could be just because I use my Juki TL98Q 95% of the time. Also, there is no thread tension adjustment, which I thought was pretty weird. It hasn't needed adjusting, but that's besides the point. :) The thread cartridge system can be a pain, but it does thread the needle automatically, which is good because, again, there isn't a lot of room down there. I also wish it came with a walking foot. I don't know if I will use it
All in all, it is good enough for what I do with it. If I was going to do a
*lot* of embroidery or fancy stitches, or if I was going to use just one machine for everything, it wouldn't be this one.