Geez, they're supposed to wait until the Rang III comes out, and then rip it off at half the price. Obviously their marketing research department is slipping.
Looks to be more of an all-in-one solution for the jam-along kind of
looping, with added amp and effect modeling. They lose points for a lack of
exp pedal control. Don't know if it has feedback control or not. http://line6.com/jm4looper/