<p>Alex,<br>
I have the older M1, but the mechanics should be the same. Yes, it can and is both a film and flatbed scanner. It scans flat-work/prints on top, under the cover and there is a slide-out drawer that holds the holder(s) for film. Mine does an excellent job of both. The scanner is first rate, but they have always had product support problems right from the start. If you're pretty smart at figuring out stuff yourself you'll be fine, but if you rely heavily on customer support I'd then look to Epson or Canon. </p>