With condenser microphone that I use and which needs a phantom this mixer works really perfect. Also thats very convenient when you connecting two different devices to mixer, and turning on a music at one of them (ex. ipod and pc).
I bought this little mixer because I wanted to be able to add different effects to different inputs. I mainly only use the reverb on it, I believe the effect number is 19. Powerful eq's on this little mixer make it a good choice at an even better cost!