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Has anyone used this vocal effect equipment?

I am considering purchasing the VoiceLive, it can be found for around $350 USD on eBay and other sites.

Can anyone compare this to the newer VoiceLive 2? What are the main differences (I assume the 2 comes with more bells and whistles). There is a price difference of about $400-500 (the VL 2 goes for around $750 USD).