I got the black one, too! I LOVE it. I haven't stopped playing with it!
It does cut fabric, vinyl, paper, cardstock... And I'm beyond thrilled because it cuts felt!
After reading the threads about how it doesn't work on felt, I researched it a little more & found a way to do it! I just finished a few pieces, I'll attach a picture. They aren't perfect but I've only tried on 2 sheets, so I'm sure with a little more tweaking I can get them even better. I haven't touched them up at all yet either. The more basic shapes came out really well, the ones with details on the inside will be a little more difficult. But I'm so happy with this machine!
I was planning on getting the personal one at Joanns too, but my mama decided to pay for the whole kit'n'caboodle & went with the fancy one! And who am I to argue...
Oh there's a little fabric flower in the picture, too. I'm going to try some bigger appliques next!