We (toddler daughter, wife and I) just purchased a (Salem) Cruise Lite 195BH, too. We didn't have a lot of money to spend, but we did look at lots and lots of trailers. I think that the 195BH is absolutely perfect for 2 adults + 1-2 kids.
We're planning to mostly use it as a traveling hotel room so that we can take our daughter to see family--especially grandparents--as often as possible. However, we might even use it for camping occasionally!
What's the story behind your purchase?