I originally tried to purchase the newer Silhouette Cameo but at the time it wasn't available. So, after reading several reviews, I opted to purchase this machine with the bundle. Based on the reviews, there were only a few new features and there wasn't a new feature that I felt I had to have.
So far, I've only used the Silhouette to cut paper items (cardstock, plain paper and glitter cardstock) but am looking forward to using it to cut fabric, vinyl and transfer paper. My daughter and her friend are going to make customized t-shirts. I have used the software to create my own designs, have downloaded designs, and even scanned a design and then had the Silhouette cut it out. The software can be a bit quirky at first but once you use it for a while, you get used to it.
I would definitely recommend the Silhouette Cameo. I'm already finding ways to use it other than for scrapbookings. I like the fact that I can choose my paper and customize my designs.