Elektron Musical Instruments

Hi All-
I am looking into buying a MD very soon, and I have a few questions:

1. How well does the E12 synth work for creating those old school hip-
hop type sounds? Is it possible to give a sound that 8 bit beauty of 
yesteryear?

2. Has Elektron weeded out the hardware problems that some people 
seem to be suffering? I'd hate to get one and then have to send it 
back immediately.

Just a few thoughts before I take the plunge...any info is definately 
appreciated!

Thanks,
Brooks