As no-one else has answered, here's what I think.
I have UA3-FX and love it. I use it to record guitar - either via condenser mic, or the active pickup in the electro/acoustic or the passive pickups in the old Guild archtop. I record into Adobe Audition, where I can apply effects afterwards or very occasionally have played online where I can use the slightly cheesy inbuilt effects. There are some things to note, though, all of which I can work around. These include....
It's only a usb 1.1 device (I believe this also applies to the UA4), and there is a huge problem on my AMD-based laptop under Windows 7 with massive crackles and dropouts. This can be cured by inserting an external usb hub (powered or unpowered) I have asked about this here before and continue to research it. The problem is specific to Windows 7 and applies to usb 1,1 devices from other makers as well. My Intel based laptop doesn't have the problem.
I, and a lot of others, have problems with Windows 7 where the wifi has to be disabled to remove some lesser audio dropouts and crackles. Because of this I use an older Vista laptop online rather than having to bring a network cable to the Windows 7 laptop. Again, this seems to be a Win7 issue.
On the UA3, I cannot use all the effects at once. For example it's either reverb or echo, but not both at the same time.
As I say, I love the UA3-FX, but I'm not sure that, if buying new now, I would go for a usb 1.1 device today.