POD "Classic" with the 2.0 upgrade
I bought mine when they first came out. It was great for recording and playing with headphones. It takes time to adjust for your ears with a live sound system. However, each amp/PA system setup will behave differently with the POD. I found that it works very well with a Marshall 2x12 Combo and requires the least amout of setup to get a good sound. You must play around with it. However, I also have a POD XT Live that I use for recording. I am biased for the POD 2 in live situations even though it has no pedal controls like the XT.