I got a similar model – EC330 a few weeks ago (when it was £70), at first it is a bit of a faff getting everything right (I was either compressing the coffee too much or too little) but if you persevere it is worth it. using very finely ground coffee is important too..
The crema is perfectly fine, not as good as from a shop, but then those machines are £1000s
Its quick to heat up and the steam arm works very well. only downside I have found is that the drip tray gets in the way of standard size cups (so you have to use espresso cups first then pour into larger cups if making a cappuccino or latte, so more washing up).
according to the lady in my local coffee supplier[/url], It makes a lot of difference getting a grinder (ceramic plates?) and using whole beans just before brewing.
HTH