I'd almost call the whole thing "right down the middle."
The ATC2 for example --- The preamps are nice - For $1,000. The compression circuit is nice - for $1,000. The EQ circuit is exceptional for $1,000...
I think the "conflicting reports" are because the reviews are coming from more experienced engineers...
At the risk of sounding "gear-snobbish" -- The average review on any piece of Berry gear is all 9's and higher - because most of the users wouldn't know the difference (and you can bet 95% have never even heard of Malcom Toft). When you see mixed reviews on a piece of lower-to-mid-priced yet budget-friendly gear, you can figure that a lot of people liked it and it's probably the best piece they own while a lot of people were unimpressed because it's (poop) compared to what they normally use. Or in the case of Toft, I think a lot of people were expecting something truly unique and wonderful - but wound up with something nice, but somewhat unremarkable.
Focustire's cheapie stuff for example... I hear people going on and on about how wonderful it is. Personally, I can't even imagine why they'd put their (formerly) good name on that stuff. "Unremarkable" is almost an understatement. Put the Toft preamps up against a "Platinum" preamp and you're going to think that Malcom Toft is some sort of God. Put it up against
a Crane Song Flamingo, and you'll be unimpressed again. But I digress (as I do so often).
Back to the ATC... It's a nice unit. Lots of bang for not a lot of bucks. A BIG step up from a lot of the stuff littering a lot of the superstores. Definitely capable of delivering (assuming the core sound is deliverable), but there are better pieces out there.
The reason I bought one? I need portable preamps occasionally (and EQ's and a set of compressors, etc.). I still do a decent amount of live tracking and orchestral recording and some of the preamps I'd otherwise be "forced into" are junk. I wanted to get something that did everything pretty well without blowing more than about $1k. I tried pretty much everything else and there wasn't a lot of "worthy competition" in that price range. My ATC2 is sitting in a portable SKB case with my Masterlink at a performing arts facility right down the street (where I'll be tracking a set of orchestras over the next few weeks).
Realistically, I'd have done better with a pair of P-Solo's. Less features, better preamps. But I have access to better stuff anyway. The Toft is more or less an "emergency backup" unit if I walk in somewhere and find a 1602 or something (or worse). HOWEVER - It's a *usable* emergency backup. It's not one of those pieces you plug in and feel immediately like you're compromising (cough - cough - PentaPlatinumArtBerrySonus). You're getting a quality recording with a quality-sounding piece.