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mikebuzz, I think you'll find the sonic performance of most of the current all-in-one DAW's to generally be pretty close. Roland VS units might have a slight edge in the EFX. You'll also find the mic pres and A/D D/A converters to be the weakest link in all of them. Ideally, you'd want to make sure ...

The single-channel Studio Projects VTB-1 and the dual-channel M-Audio DMP3 are actually pretty good, and both are available for under $150.