We have one, still works just fine.
I like the electronic eye that keeps the vinyl running straight, so no worries about long runs.
I don't like the fact that it only uses 3 pinch rollers for the 48" width, I have seen the vinyl buckle a little and I think more rollers would help. Our vp540 has 7 rollers across 54" and it's more stable.
Also, it doesn't have the eye to pick up registration marks to do print & cut.
Generally it's a solid machine, but I don't have any experience with newer plotters (except the aforementioned Roland vp540)