I thought it sounded like a cheap n' cheesy compressor and a cheap n' cheesy EQ circuit stuffed in a box with a "reasonable" sounding preamp. Which is (let's face it...) more or less what it is. I usually don't expect much performance from such units in that price range - That one came highly recommended at one point - and I needed a few outboard strips at the time - so I tried 'em and just really didn't care for them. Wound up using Toft's strips for a bit (now THERE's an EQ...) although I still wasn't a fan of the compressor (nice as it was, I do whatever I can to avoid compression at the input anyway).
Couldn't tell you on the op-amps, but I don't particularly remember noise being an issue.