I bought one of these on eBay... new in the box... for about half the suggested retail price. I paid $269.00
http://symetrixaudio.com/index.php?Show=14&Show1=&Show2=257&Language=EnglishIt is a 2-channel digital audio processor. Analog in and Analog out on each channel. It uses a high level GUI-based programming language to enable you to select the processing block's you want for each channel. Each channel can be used independently. The processing blocks you can chose (simple click and drag) include: multi-band compressors, low pass filters, high pass filters, parametric equalizers, pure delay (particularly useful when used in conjunction with Flex Radio products for aligning, in time, the input audio and the modulated output), and others functions.
I use one channel as a pure delay, and the other channel as an alternative audio chain: two 24dB/octave low pass filters in tandem to provide a 48dB per octave roll-off at whatever frequency I enter, two multi-band compressors (one with a higher threshold, but a higher degree of compression), an a multi-band parametric equalizer.
You program the box using your computer... but after you program it, it will store the program and run independently (you can unplug the computer from the box).
I find it to be more flexible (more features that you can use and more parameter values that you can set) than a 532E... with two independent channels, and at half the price of a 532E (if you buy it on eBay). It is also just 1 rack unit high and 1/2 rack width.
You can get a feel for it by downloading the free application software from Symetrix... and playing with the GUI.
Stu