just got a 1400 a little while ago and love it (i use it for transparencies). I have heard it works well for transfers too. When you get it make sure you select the "best photo" option and "ultra premium photo paper glossy" for the most opaque prints. I don't use any software or special ink and it turns out just fine. Just make sure if you when you change the settings to turn the printer off and then back on so the changes take to the printer.
there is a great sale going on right now too with a bunch of mail in rebates...check it out.
Epson Stylus Photo 1400, Overview - Product Information - Epson America, Inc.