Well, not really emulation. Apparently there is a small loop of tape and an actual record and playback head in this thing. So, it's like a small tape saturator. Interesting. At first I thought "this is very cool". Then I thought, at $750 each I could probably by an actual 16 track ATR for the price of just a couple of these(ok, maybe three or four). Otari MX 80 with Remote | eBay If they made a multichannel rack version, that would be cool.