I'm in the same situation as you Matt.
I read a bit about the loom, and got pretty nervous about taking it on.
A few people said that they would go for a new one if they were doing it again, so I went for a Premier Loom one. Just waiting for it to arrive now.
I have the word document that Alan provides with his looms if you want to have a read - It might give you an idea of what you get/how you fit it - PM me your email addy and I'll email it accross
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