hey there... I am an mBox (just got it a few months ago) user hopefully someday soon to switch over to 002 (I need the extra inputs and outputs). But let me tell you my story and hope it helps your decision. I have been wanting Pro Tools since the day the 001 came out, but was always really tight on money. When the mBox came out I didn't even consider it, I really didn't want so few inputs, then the 002 came out and I almost crapped my pants. The one thing that had stopped me form getting the 001 (aside from $$$) was that in order to get it to run on a laptop you needed a really expensive compenent, I had even considered the MOTU 828 because it was Firewire, but no software came with it. So the 002 was a dream come true. Well I could never affor a $2000+ unit, then came the 002 rack, so I needed to come up with $1200, that was still out of reach but years later after being sick and tired of being too broke to afford it I gave in and got an mBox. Man, I should have gotten this in the beginning and not wasted years of no recording. Really with Reason I can have plenty of fun with his and still record guitar tracks and other instruments (just one at a time). Now I am more familiar with Pro Tools software so this summer I will trade the mBox in for an 002rack and I will know what I am doing and then I can have even more fun. My point is, if you see yourelf affording the 002 within a few months I would wait. But if it is far from your reach to spend $1200, I would spend the $500 and get the mBox for now. Believe me, you will have fun. I hope the ramble helps!!!