Yamaha 02R - Practical?

Not sure if anyone is still using one of these (not a lot of threads concerning it) but I came across one for cheap with the Meter bridge.  It has 4 TDIF cards which I don't need but those are changeable to ADAT which I can use.  My first thought was really just to turn a small profit.  But, it is kind of nice to have a digital board in my studio.  Would it be practical to keep it around?  Because of it's age and limitations, I'm hesitant to incorporate it and spend the time learning it.

Pros:
- 16 motorized faders
- plethora onboard effects processing per channel including
• Compressor
• Expander
• Gate/Ducking
• Soft and Hard Compander
- 96 scene memories
- could use it as monitoring device as well

Cons:
- expensive to repair if anything went wrong
- only 20 bit AD & DA though I probably would not use it for that
- word is it doesn't really work that well as a controller for Sonar

The other option I'm considering is using it at church to mix to video & webcast which would be ideal for the different styles of worship we do and provide a much better tool to control quality.

Any thoughts appreciated and how would you use it if you say keep it??

Thanks AT - yeah, my thoughts as well.  The version 2 OS is supposed to have incorporated 24 bit processing but it seems the AD & DA is still only 20 bit processing.  I'm a bit confused about that.  Here's the Brochure - see p. 4 & p. 9

That's what I understand - and read that as long you stay all digital In/Out your okay.

Great - thanks tarsier.  Yeah, I didn't want to get long winded with all the processing features. 

Is yours version 2?  Not sure quite how this works but . . .

Yamaha Quote
Digital I/O
V2 has added a 24 bit recording mode for those who do not have 24 bit recorders yet. It works by splitting the 24 bit signal into two 16 bit signals. One channel carries bits 1-16 and the other channel carries bits 17-24. When played back they are put back together to form the 24 bit signal. This will turn any 16 bit eight track recorder into a four track 24 bit recorder. Of course, you need 24 bit data from somewhere to make it work out, but more on this some other time.

EDIT: quote is not verbatim but paraphrased by a Roger Nichols but I read it in Yamaha material somewhere.

You're talking way over my head - I have a clue but really don't want to damage what's left :-)

So, my question to you would be, if you had a choice today to obtain the O2R ($300) if there a benefit and would you put in the effort to incorporate it into your setup?

Yea, Wren, it is probably worth that just for the reverb and fx, even analog at 20 bits.

But you're right at $300, I'll count my blessings - thanks!

 
Seriously... that's an amazing deal!
As long in the tooth as the 02R is... it's still a great piece of gear.
 

Thanks Jim & Johnny - kind of a no-brainer really.  I've just been researching how to get rid of the TDIF cards and picking up the ADAT and/or AES/EBU cards for it.  I've got the Lynx L22 with the ADAT daughter card and could also add the AES card if needed.

Thanks Johnny - found it

Digital boards don't use Audio drivers. They connect using either SPDIF, MIDI or the ADAT cards which your computer needs the matching PCI card which will then have the drivers. 
My 01V intergrates with Sonar via SPDIF out to my interface. I could control the whole thing with MIDI ( ACT?) but see no use for this. I run my monitors through it for super easy routing and volume control. 
I track most vocals and instruments through it via the SPDIF because of the compressors and processing available. It's like having $10,000 worth of rack gear in a box. 

If the price is right, it's still very useful. Maybe not the greatest mic pres/conversion in the world by todays standards, but for plugging in a bunch of synths or something it would be fine. I'm still using a Yamaha 01V which is very similar that I bought 15 years ago. I only use it to plug in a bunch of my hardware synths - outputted through SPDIF to my RME. It's fine for that. Dead quiet, which is nice. I retired my analog board 'cause it wasn't dead quiet anymore. The analog board was more forgiving with respect to peak levels - digital isn't forgivng at all, plus it did impart a little something to the overall sound - whereas the Yamaha does not.