VF160
What I don't like about it is that I'm probably not going to get rid of it for a long time (I still have a 24-year old Teac 3-head cassette deck that does everything that a Dolby-B deck should, and still does it well!). It's a great CD-quality recorder---tough, easy to set up, and the TOSLINK I/O allows for easy and inexpensive expansion.
If I needed a MIDI module, 4 LoZ inputs, and USB (which is convenient), I might spring the extra $500 for the 2488. Then again, the inputs and MIDI might be better purchased separately for use with the next generation of stuff (preamps and instuments are the things that you tend to keep anyway). The effects on the 2488 look more versatile.
If you want to use your machine a lot with a live band (namely, more than 8-tracks at a time), the Fostex is very tough to beat. With
a Behringer ADA8000, you'd have a 16-track (10 of 'em LoZ) recording unit for an additional $200 (right now, that's a total of $900). If your band works with an MD/CD unit with S/PDIF (or your guitar player has a modeler with S/PDIF outs), you'd have 10 recording channels right out of the box. It's amazing how many channels you can go through with even a trio! Then again, if you usually do stereo-pair location micing, 4-LoZ+4HiZ inupts and 8 recording tracks seems like plenty., so the 24888 might be fine.
Since I have the VF160 and a lot of outboard gear, my next recording pruchase will probably be a another laptop/software/interface combination. But, even with that, for 44.1kHz recording, I could use the VF in ADAT Mixer Mode.
Like I said . . .I think it's going to be a while before I give it up.
Good luck,
Paj
8^)