Based on what i have seen around the market there are 3 models of Philips IPL Hair removal system.

The latest one being Philips Lumea SC2003/11 IPL Hair Removal System at http://goo.gl/igPKp and the price is just £449.99 when i last checked.

The one previous to that is Philips Lumea Precision SC2002/01 IPL at http://goo.gl/5uJNx with an original price of £400 and now down to £300

and the one before that is Philips Lumea SC2001/00 IPL at http://goo.gl/Zwvh6 for just £394.99

Based on the reviews that you can see on there it has more than 4 stars and it is an amazing product