At the lower end of the spectrum are some great products for bands who want to record up to 16 tracks at once. Having this flexibility results in a finished product that is more coherent musically since you can record 8 drum tracks, bass, guitars and vocals at the same time and this really speeds the process up as well as resulting in a tighter rhythm track. Alesis and Fostex both have offerings in the middle range with the Fostex LR16 Live Recording mixer being the most full featured since it is a rack-mount hard drive system with an outboard mixer.
Fostex and Tascam (no surprise here) pretty much own the higher end of the market ($2000 and up) with dedicated rack mount and mixer based systems. The afore-mentioned Tascam X-48 Hybrid Hard Disk Workstation is a rack-mount hard drive system which will allow the user to connect a VGA display, keyboard and mouse for computer-like recording with a dedicated hardware-based recording system. With additional add-in cards, you can record up to 48 channels at one time. Since it has Firewire capability, the opportunity is there to use outboard hard drives and CD burners. You can also connect a second X-48 via STMPE for up to 96 channels of recording.
I happen to own a Yamaha AW-2816, which can record up to 16 channels (with an expansion card ) and can mix down up to 28 channels. I have been very happy with it despite the CD burner going on the fritz. When I use it along with my Mackie VLZ-1604 live mixer, I can record an entire band live. It also has the capability to sync up with my computer to allow me to record an additional 8 channels and I can also port the audio tracks from the Yamaha over to Sonar for editing, etc.
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