Feature:
Phantom power for 4 XLR inputs is the prime reason I bought mine; it's convenient to have this many inputs directly accessible. I actually prefer the MW10 to the 12 for this reason (12's inputs are on the back to make room for faders). I'd have liked a SPDIF output/input; I think a lot of people may want to use the mixer w/ at least one workstation synth, and having to use 1/4s for that is kinda lame. That'd be the single biggest addition Yamaha could make imo - not sure how much it would drive the cost up, but I'd have paid $50-75 more easily if it had been there.
Quality:
Solid construction, clear labeling.
Value:
I think it's an amazingly solid deal, and a sign of just how affordable electronic recording has become, that I can get Cubase LE, some additional effects/plugins, a 10-track mixer with 4 XLR/phantom ins, and a USB audio interface for $200. I'd recommend this to anyone, especially those just getting started. I have much pricier kit in my main studio - I bought this for my living room setup, which is basic - but I think I'll be utilizing it quite a bit.
Sound:
No hum, clean. I don't understand the one complaint that the output is too quiet; I'm not having that problem, and I like things loud.
Ease of Use:
Plug and play, although the ASIO driver is a separate download. They should probably emphasize that a bit more with a separate sheet in their documentation, but it's basically a no-brainer anyways.
Overall:
ASIO latency is def. acceptable but could be a little faster. They've already released one driver update that helped with this - hopefully it's the first of many. Besides that relatively small issue, the lack of SPDIF I/O is my main complaint. For the money, though, I think this is a fantastic alternative to buying an audio card and then a separate mixer, or going with a USB interface that's less convenient in terms of work surface.
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