The new MicroTrack II from M-Audio gives musicians everything they need to record music on the go. The handheld device features 2-channel WAV (BWF) and MP3 recording and playback and can copy files directly to CompactFlash cards or microdrives. There are also two 1/4-inch TRS inputs for your gear, 48V phantom-powered mic preamps, and drag-and-drop file transfer for both the PC and the Mac.
According to the manufacturer's site, the MicroTrack II is retailing for $399, which is certainly no bargain. However, I have seen it just about everywhere else for $299 — once again proving that shopping around on the internet is essential. [Product Page and M-Audio via macnn]