Well the gear all belonged to our former drummer. Right about when we were getting comfortable with it (about when we were done recording our latest CD), he split. So, it was cool, but he was the one that really knew the stuff. It was pretty cool to be able to not be limited by tracks. But at the same time, having those restrictions can make you think a bit more about what you're doing.
Right now, the band is jsut focusing on live stuff. My recording endeavors are now back to little fun solo side projects on the 424mkii...although the new drummer is talking pretty seriously about getting recording software/hardware, so we may be back at it again at some point. It is expensive to do it right though, no doubt. By virtue of being able to multitrack more, you then end up needing more mics, cables, etc. lots of $.