I just got a Guitar Center gift certificate that will cover the Pod XT. I already have enough guitars, amps and effects and I've been wanting something to get audio signals into my computer for recording. I think the Pod would be great for this. I have been looking at a Mobile Pre USB interface ( $150 ) but the Pod will get the sound in and have a ton of tone shaping options. I would run everything through the Pod - guitar, mics, drum machines etc. Now I'm wondering if the Pod XT Live might be even better. I could switch sounds on the fly and even run a synth loop or other signal along with the aux input, etc. The only down sides I see are the extra $100 bucks or so out of my pocket and the size of the thing. The Pod sitting on my desk seems more user friendly than the huge floorboard thing. I could use it live but I never play anywhere but at home. I can also sell my Pod 2.0 ( with gig bag if I get the XT Live ) and recoup $100. Any other thoughts or anything I'm missing here?