Great conversion and even better preamps. No, they aren't transformer-based but still a head above any other built-in pre I've used. Plenty of gain.
I bought a second one for @$350 US from GC w/ a 15% rebate last year. I don't know what the exchange rate w/ CA$ is, but they are pretty cheap for what you get.
The downers - latency is pretty high @ 11 ms or so. It is still usable, and you can digitally wire it into a faster interface w/ either AES or Spdif. Also, you can't use two units together as a single unit, connecting them digitally, since the 2nd choice of "automatic" to sync them kills the digital input (one unit can use 4 tracks from your computer). I've managed to get 4 out and 2 in, which is mainly what I wanted for buss/outboard duties.
Another point is the other TASCAM line - the US, is just about as clean and good for conversion and pres. Close enough for government work and you get 20x20 for the same $400 US (on down).
If your main concern is sound quality, it is the best unit around for the price (note: I've never used the crimson etc. units, which are supposed to be of similar quality).
Read more at Tape Op if you want my unit review, but the above are the high points.
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