I have this attachment. I've only used it a little bit. It works *fantastic* when you don't get out of alignment, but if you get off a little bit, boy it's hard to get back on the right track! That probably takes practice more than anything, and I just haven't worked with it enough.
One thing I haven't seen yet, and I think is desperately needed, is how to handle corners. I bound a quilt with it, it's actually one of mine in the gallery, the Crazy Birds. What I ended up doing as I came to an edge was to run the binding off the edge a little bit so that I would have enough to turn to the back and stitch down. It wasn't the most elegant or even remotely pretty thing to do, but it was a quilt full of experiments, and it just belonged there!
I don't know how much it cost, I got it as a gift, so I can't comment on the value. For what I paid for it it's a great value!
I will also use it in some clothing as well, it's great for making button loops, spaghetti straps, tie-backs, and that sort of thing.
HTH
Lisa