Viamichael
I hear all your thoughts that most of you aren't buying this, yet you say that the monitors and the room effect the sound more. This thinking confuses the question. The monitors are the same and the room is the same. Nothing changed except to take the 1202 out of the equation. And, this was replicated in 2 completely different studios.
Sorry, we were also working on limited information given. There's so many variances of people's hearing in the industry. Some can hear big differences between a $1,000 and $10,000 power cord, while others can't tell the difference between a set of NS-10's and Tannoys. There's just different levels of hearing. For a 1202VLZ, Greg Mackie, when he first designed these compact mixers touted how transparent and accurate they sounded. Simple age and wear of the mixer, bad connections, insufficient cabling, low power output from the power supply, or variances in output levels all contribute to differences in performance. For example, my 1202-VLZ is very transparent. But it's old, and at times, it can drop volume in the right channel until I power-cycle it. Fortunately, I can detect that condition quickly and remedy it.
Point-being, I do agree with those who suspect a faulty 1202-VLZ or the connections to and from it. If it makes a noticeable difference without the mixer, and it's affecting your mixes, it's bad.