ok, finally had a chance to actually use this thing in a real situation and unfortunatly i let someone use my JB3 who promptly messed it up by injecting 48v into the line in so i had no backup. Heres what happened:
10/12 - recorded 3 bands, all at 24/48 analog in (C4's > UA5 > MT). The first thing i noticed is the meters seemed to act normally for the first 10 minutes or so of each set but then started acting real buggy so as has been mentioned they are pretty worthless, i just set the input to where the red lights would flash( i did get varying intensities) every once in a while which put all three recordings at around -3db when i looked at them with CEP. The biggest problem is all 3 have some rather annoying noise that is especially noticable during quiet times, almost like some hardrive noise even though there is nothing mechanical going on there. Its not overbearing but its definitly there.
10/13 - same room, mics in exact same place (never took them down from night before), got there early enough for soundcheck because i wanted to try some different 1/4" adapters and rca cable, i also wanted to try recording at 16/44.1 and 24/48 to see if there was a noise problem as there was the night before. I recorded part of the soundcheck at both settings and when listening afterwards there was no noise present so i chocked up the night before to a bad adapter or something. When the show started i decided to record at 24/96, nothing including level adjustments were changed from soundcheck earlier. The thing recorded fine, level meters did the same as the night before. I got bitten by the 2 GB bug but fortunately it was right after the "thank you, good night" so i just started another file to get the encores. The big problem was after i transfered it later. This thing is unlistenable, sounds like they are playing underwater and its all broken up and distorted. I am thinking that maybe this Dane-Elec 4GB CF card cant keep up with the write speed required for 24/96, thats the only thing i can think of unless there is an actual flaw recording analog in at that sample rate. I have to do some testing of this now with a diff card to see if thats the problem, anyone else have this happen yet?