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I bought it when it was new, around 2007-2008. On these days I never thought about phantom power, stereo recordings and so on. But few months later I started to think that Fast Track really lacks these features. Anyway, it worked well for recording simple vocals from sm58 + some guitar or other mono source. Nowadays it has new version. If you really like fast track, buy second generation, or look elsewhere for more professional audio interface.