The DP-01FX has two mic inputs on ¼" TRS or XLR jacks for dual mono or stereo recording. Phantom power is provided for connecting professional condenser microphones. Its eight tracks record at uncompressed CD quality to an internal 40GB hard drive, and a stereo master track is available for recording a mix. Each channel has a 45mm volume fader, plus dedicated controls for pan, effects send, high EQ and low EQ. An LCD display shows meters, editing settings and locate points. The DP-01FX has a USB 2.0 jack for file backup and transferring mixes to a computer. There are analog RCA line outputs, a headphone out and S/PDIF line output. The DP-01FX also has a multieffects processor for adding effects to an instrument during recording and a reverb processor for adding effects during a mix.
Also check out the DP-01 8-track Digital Portastudio. This version is available without XLR mic inputs and effects for an even lower price.

• 8-track recording at uncompressed CD quality into a built-in 40GB hard drive
• 2-track simultaneous recording
• Dedicated stereo mixdown track
• Dedicated controls on each channel for volume, pan, EFX send, EQ high & EQ low
• Two-band semi-parametric EQ per track
• Two 1/4 " TRS mic/line inputs
• Two phantom powered XLR microphone inputs (DP-01FX only)
• Guitar level input
• Built-in reverb processor (DP-01FX only)
• Built-in insert effects processor (DP-01FX only)
• Effects send and stereo return
• RCA line output
• S/PDIF digital optical output
• Headphone output w/level control
• MIDI Timecode 0utput
• USB 2.0 port for computer backup
• Track editing: copy, paste, move, erase, silence