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elecrix looper

Does anyone have the dirt on the Electrix Repeater Loop/Phrase Sampler? I 
just saw this in Musician's. friend. The description says it has an 8
minute, 40MB loop limit, holding 99 loops with four tracks per loop. Also
includes time-stretching and pitch-shifting. Also seems to have undo,
multiply and reverse.
I'm wondering if it's a good live tool...like the EDP. They seem to be
pushing it as such.