The moment I laid fingers on this little guy I knew it was the one. Think of every audio effect plugin you have on your DAW, put it in physical form, and make it pocket-sized, and you've got the Mini-KP. This thing is so much fun I actually have to limit how much I use it - I had it set up through my car stereo to play with at red lights and had to remove it because it distracted me so much. Since then I've applied it to tracking everything from keyboards and synths to guitars and vocals, and have even utilized it in live DJ performances. This thing is very capable in studio and performance settings, despite being marketed as a cute little toy. I love this gadget!!!
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Out of the 100 effects on this unit I have my 10 favourites written down on some tape on the back - there's no way of knowing what they all do unless you look in the manual, go through each preset and pick a few to write down. The effects are actually really nice sounding and there's a lot you can get out of the unit if you use it right. The RCA inputs/outputs have been a bit of a pain: I had to buy some RCA to 1/4 inch TRS adapter cables, but they work fine. The output level is a little low, but once it's hooked up to a mixer system (I'm currently using mine in the send/return of my mixer) that becomes fairly unnoticeable. Buy the power supply though, because the battery life is fairly poor (as you might expect if it's on most of the time during a performance).