I think that may be a little pricey (It's $350 in the US, but I know most stuff costs almost twice there what it does here), but quite a few people here have them, and I'd suggest it as a good starter machine if you're only contour cutting A4 (I think that's the closest one to letter, right?) paper.
It CAN cut vinyl, but you need your rolls cut specifically for this machine. The only place that I know of that sells vinyl cut for this machine is
Specialty Graphics Supply in the US. Also, you can't use your scraps in this machine. It's full-width or nothing from what I understand.
To be honest, tho, it's a hobby machine.
If you can swing it, I'd go for the CE5000-40 CraftROBO Pro. It's the same as their CE5000-60 24" plotter, only a little smaller. We have a CE5000-60 and absolutely LOVE IT!
With the CR Pro you can cut any width material from 2.5 inches to 19 inches wide, tho it will only actually cut about 15 inches wide.
Good luck! I'm sure others will come along that know this machine a little better.
