Edited to add:
Well, I've been using the machine this week and am still in love with it. I ran off the fabric a few time since I'm still learning, and the machine remained jam-free (yay!). Adding a bobbin was also a snap. Something I didn't add in the review below is that the machine has a light for when you sew (again, I'm a new sewer and this is my first machine, so maybe all machines have a light - but thought I should mention it just in case).
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I'm a new sewer, and after taking a sewing class, I was inspired to buy my first machine. My sewing instructor recommended Elna and Janome branded machines, saying that they would last and make all the difference in your sewing projects. She also said they were worth the extra money.
I saw the Janome 7318 on Amazon and decided to take the plunge. I recently signed up for a Living Social deal to have a 2-hour sewing lesson in my home, and when I looked at the instructor's website, she recommends the Janome Magnolia 7318, which made me feel good about my purchase.
My machine arrived today and it's beautiful! It comes with the following standard accessories: zipper foot e, buttonhole foot b, sliding buttonhole foot j, needles, bobbins, small screwdriver, lint brush, seam ripper (buttonhole opener), large spool holder, small spool holder, additional spool pin and felt cushion. At first I thought I had the same problem of missing accessories like another reviewer, but found that while most of the accessories were in a plastic baggie, the sliding buttonhole foot was in the accessory storage (part of the machine), and the large spool holder was on the machine's spool pin. So if you get your machine and think parts are missing, take a look at the machine to double-check they're not in and/or on it.
Here are some other machine features:
1) Unlike the Elna machine that I used in class, this machine has a thread cutter already attached - which is sweet.
2) The extension table can be removed so you can do hems and shirt sleeves.
3) Feed dogs can be dropped
4) You can independently adjust stitch length and width (Maximum Zigzag Width: 5.0 mm Maximum Stitch Length: 4 mm)
5) The needle can be lifted really high to fit bulky/thick fabrics
6) The bobbin can be dropped easily in on the base, and the cover is see-through so you can tell if you're running out of thread. This really help sell me, because in class I kept having bobbin issues. I also ran out of thread in the bobbin mid-project, so the see-through cover would've been helpful.
7) 18 preprogrammed stitches
8) 25 year warranty. Here is what it says on the Janome website regarding the warranty: In the event that your Product needs service covered by this warranty, please contact the authorized Janome dealer from whom you purchased it or a Janome Authorized Service Center. To locate a Janome Authorized Service Center, please call 1-800-631-0183 or visit our web site at [...]. Your product was sold with an instruction booklet and or a DVD/CD-ROM. To avoid any unnecessary inconvenience, we suggest that you refer to the instruction booklet before contacting your authorized Janome dealer or Janome Authorized Service Center for service. We also strongly encourage you to register your product on-line at [...].
(FYI - there was no DVD/CD-ROM with this model)
You can learn more about the machine on the Janome website. There is even a short, but helpful video that runs through the features.
Happy sewing!