First and foremost... how do I like the machine now that it is in one piece?
I love it! It's smooth, quiet, easy on the joints and simple to figure out. The machine feels completely stable, does not wobble and is quite sturdy. It gives me a ridiculous workout (I am panting right now) especially if I program it to the highest resistance, though I do give up pretty quick if I use it this way. What works best for me is the various "courses" which fluctuate the resistance so just when it gets too tough it begins stepping down and I am able to make it to my pre-programmed time.
Why is this the perfect machine for me? Well, when I used to go to the gym, this machine was my kryptonite. For some reason I was too uncoordinated to pull it off in public and always felt like once I got moving I was going to fly off due to lack of balance or ability to get all my appendages moving at the same time in the same pattern (it honestly felt like patting my head and rubbing my tummy). At home I don't care about the impending embarrassment which has allowed me to relax and really get to feeling comfortable. I no longer feel as though I am going to shoot off in some America's Funniest Home Video moment. However, it is important to note that the stride on this elliptical machine is a fixed 17 1/2" where the more expensive (and likely the ones at the gym) are 20"+. This may be a problem for some of you taller folks (I am 5'6") but it is perfect for me! I get the sense that this shorter stride length may be why I feel more comfortable on this machine.
Other things I appreciate are the water bottle holder (plastic holder expands to fit larger bottles), Kindle/iPad/eBook holder (doesn't have a lip to keep a tight book or the first few pages of a book held open so I use my Kindle here) and the front wheels so I can move the elliptical machine when vacuuming. Just a tip but if you are truly planning on using the machine on a regular basis you should keep it where you plan on exercising. If you need to move it everyday you will find that you are less likely to use it.
The downside...
First, the LCD screen is weak, lacks contrast, and is frankly the worst part of the machine. In fact, the screen is not easy to read in any light (I tried overhead lighting, no overhead lighting, etc.) Most of the display is much like those old calculators where the lines in the numbers and letters do not connect. This wouldn't be so bad if the lines were thick but they are extremely thin which makes it much more difficult to read. The labels on the LCD display, which state what each number means (e.g. RPM, Time, Calories, etc.) are thicker, which should make them easier to read except for the fact that they are so small you really can't read them while exercising. Essentially, you have a tiny label you can't read due to size while moving and a large calculator type number which is difficult to read due to the how thin it is. What the LCD screen is essentially good for is to see the resistance (indicated by huge black blocks) and to read, when you are done with your session of course, how many calories you burned.
The second downside, during assembly one part was defective (Part M would not fit on the machine no matter how many people at my house said they could fit it on) and one bolt was missing. No, I didn't lose the bolt in the carpet... I know this because each bolt and washer is vacuum-packed and there are only five indents in the plastic when there should have been six. I called Schwinn and within five business days I had a complete package including the missing and defective parts. Calling the 800 customer service number was super easy and they were a pleasure to deal with. The excellent customer service is definitely a huge reason to choose Schwinn (part of the Nautilus/Bowflex company as I discovered when I called) when purchasing a large piece of equipment that can't just "go out for repair." The customer service really moved this product review from a 3 star to a 4 star.
Finally, why you may want to invest in a higher, more expensive, model...
This entry level elliptical is fine for my needs, however, some people are trying to build a gym at home. What sets this apart from the more expensive machines is the fixed stride (some are adjustable or longer), 8 resistance levels (vs. 16+ on other Schwinn models), the weight of the machine, how much the user can weigh (for this model 275 lbs max), how man courses are programmed into the machine and other little accessory pieces like MP3 hookup, etc.