Paid $300 from musiciansfriend.com Pros: Records WAV files. Great recording quality, of course. A very good microphone was included Tiny size, very useful and aesthetically really cool Plays back mp3s (but see cons) Cons: A metal casing would have been nice. Even my old MZN505 had one, and it was only $100!! The LCD is hard to read except in rather bright light. A backlighting button would have been nice. The screw-on external battery pack is clunky and cheap. Too bad it's really needed sometimes. Hi-MD 48 kbps recording would have been nice. This unit only supports 256 and 64 kbps, but 48 kbps would be good for voice recordings, speeches, lectures etc. Playback of mp3s is limited to files with 44.1 kHz sample rate. A serious waste of file size if you want to playback low fidelity (i.e. voice, am radio) recordings. USB transfers are as slow as I remember from my old MZN505. But: I needed it, so I paid for it. It works great. I'm glad I bought it and I'd do it again. Opinion subject to change if unit craps out within an unreasonably short time! So when are the 2GB-capacity minidiscs coming out? ;-)