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If you read the press release there is a *ton* of stuff in there beyond a Repeater emulation. A lot of the features seem oriented toward the "DJ" looper: static loop browsing, VST hosting, keyboard & mouse editing, flashy eye candy. It looks sort of like a simplified Ableton Live with first loop capability. This is smart because they'll be able to sell this to people that don't consider themselves "loopers" in the sense that we usually talk about, as well as satisfying improvisational loopers of the Repeater school. They can also price this at the level of other VST hosts rather than just a plugin. I'll take January of 2008 for $400 Alex. Jeff