yes the UA5 is
here FWIW, I paid $650 I think for the one I had just over 2 years ago. For mixing, here's what I did, but there might be better ways to do it (I'm not the expert)
Take both sources, leave on as one big wav file, and track out the other one like normal. I'd use the paused encore as the one to split into individual tracks.
1. Open the single wav file source in audition, and insert into their multitrack view as the first track
2. Open up track 1 of the other source and insert as the second track of the multitrack. Allign it as best you can. Zoom in so you can see something like an individual drum beat, or clap, or something else short. Once alligned, don't move either wav
3. Open up track 2 and insert into the second track of the multitrack again. Allign it as best you can.
4. Rinse, lather, repeat until all the tracks are alligned.
When I did this, some of the longer indivdual tracks started drift towards the end. It wasn't noticable until the lead singer started bantering on about James Blunt... Hopefully, since you both used JB3s, the drift won't be as bad. Hope this helps.
Dan
PS: Chris.. where are you going to college?