I recently installed my first "V2" BW transmitter. I put it in for a translator because it has everything... web-based GUI, FSK ID and audio processor.
So far, I like everything about it, except maybe the processor. They do point out that it's the "mini" version of their 4-band DSPX. It definitely is "lite", but better than the single band comp-limiter in their version 1 transmitters. For the price however, the box is hard to beat. If you really need more punch, you can always take some of the money you saved and put an outboard proc on it.