I haven't compared it side-by-side with other interfaces but I think it's pretty nice. I had an Alesis interface before this that was unfortunately stolen during a home burglary. I liked the preamps in the Alesis better but this one is easier to take with me to gigs. With the Alesis I had to bring my laptop, which was stolen as well, and it made live recording a little more work to set up. This can work standalone or as an interface to your DAW, and can work as a controller with your DAW, so you can mix/pan/FX all-in-one or direct to your computer. It saves everything to an internal SD card so you can copy those to your computer to work on it there too. The onboard mics of the Zoom are decent, and great for getting an idea or demo down quickly or for rehearsals, plus you can daisy chain units to have more mic pres.How do you like the Zoom R16?
Here's a live recording we did last year. The guitars and vocals are from a line-out of our board and the drums and bass are from the little built-in mics. I just set up the Zoom behind me and let it go.