This thing is SOOO much better than using a PC. Actual faders!! Tactile interaction during the creative process!! I love it. But then again I'm an old fool from the old school. When I was an active gigging, touring musician it would have cost many times more than this to come remotely close to what you can achieve from this tool. (And it would have filled half a 10X10 room) You can also export your wav files for further manipulation in a software of your choosing should you so desire.
Modern studio quality, no. But it doesn't claim to be either. Can you make your own music for sale, yes!
On board compression, mics, and normalize effects are nice. CD burner is a nice bonus. Very easy to use. Very clear instructions. Now the whole band can go home with a great recording of the session in digital format in minutes. Buy it now. That is all.