Heck, if you're feeling like you want to stretch and tone -- and YES, I often feel like I want to stretch and I do! (I still do minor yoga exercises -- the ones that my body can tolerate) -- why don't you look for a plain ol' Stretch Class? Yoga CAN be really hard on the body and you have to have a knowledgeable teacher who will allow you to sit out certain positions. I don't believe that ALL yoga positions are right for everyone. A lot of people have had accidents that make it impossible for them to do certain back and neck exercises, and you can't exercise that "out" of you unless you figure out a way to gradually (and safely!) do it, WITH a good teacher who has worked with folks with special medical needs. Not all yoga teachers have that experience.
Anyway .... Yeah, maybe you are just impressed with the price. I often make that mistake -- I buy something that I don't need or later regret, just because it was a bargain! My gut feeling, just from knowing you, is NOT to get the machine. Spend your money elsewhere. Find a class for gentle exercises (beginner's classes, older people's classes -- that sort of thing). I just don't know enough about Pilates to know if they can adjust their exercises for people with special needs. I would guess they probably CAN do that, since Pilates started out as a dancer's exercise and lots of dancers have injuries that need to be worked through.
I like the walking thing ... especially the freebies!!! lol
For you, I think stretching, walking, swimming -- that's the direction I'd go in.